Who could forget the winter of 2010 when snow and ice brought the country to a standstill? The coldest winter for almost 50 years, temperatures across Ireland reached record lows and heavy snowfalls brought travel chaos and school closures.
The Big Freeze was eight years ago, but it doesn't feel like it was that long ago. Time really does fly and savings can grow quickly over a short amount of time. For example, if you saved €300 a month for eight years from 1 January 2010 to 31 December 2017, you could have saved €28,800, but if you saved that same amount in Zurich's Balanced Fund you could now have €36,130*.
Starting a savings plan today can help you prepare for your future and look forward to those big and small events in life. Some people put their savings into a regular savings or deposit account, and that gives them a predictable rate of interest. But when you invest your money in a fund it has the potential to grow faster. Some funds offer consistent growth while others have potential for higher long term gains. The higher the potential for growth, the riskier the fund, and your investment could go up or down.
Whether you want to save a little or a lot, we have lots of different options that will get your money working harder for you, regardless to whether it's a small amount saved every month or a lump sum.
The good news is you don't have to be an expert to use funds to grow your savings. You just need to talk to a trusted financial broker. Call our financial planning team on 1850 804164 or find a financial advisor in your area to get started.
The value of savings growth with Zurich's Balanced Fund
|Year savings plan started
||Amount saved each month
*Figures based on a monthly contribution of €75, €150 or €300 per month starting between January 1st 2000 and January 1st 2013 and paying until 31 December 2017. Figures are based on an investment in the Zurich Life Balanced Fund, and assume an allocation rate of 100.0% and an annual management charge of 1.0%. There is a 1% government levy that applies to these contributions and is included in the contributions shown. Exit tax of 41% applies.