Some people use the words saving and investing interchangeably.

At Moneycube, we believe the key distinction is how you build the money up.

Savings are what you are tucking away regularly.  Most people would like some savings for short- and medium-term financial goals like a new car, or an emergency fund.  Savings are often – but not always! – held in cash.

An investment is a chunk of money you put to work very deliberately in order to grow your wealth.  Investments are less likely to be held as cash.

Choose both

If you want to build your wealth, it’s not a question of choosing between one option or the other.  Most of us should be doing a fair bit of both saving AND investing.

How you split it depends on your goals and financial position.

But as we’ve said before, we believe Irish people need to follow the UK and US example, and take more opportunities to put their money into investments that can grow their wealth.

Can I beat the bank?

It’s obvious that at the moment, leaving your money in cash isn’t an investment at all, since the interest paid by the banks is so poor.

Instead, a low-risk investment fund can be a good option for medium-term savings, or funds you need to access at short notice.

If you are going down this route, pay close attention to the fees, especially exit charges, that apply.  If you need to cash in quickly, the last thing you want is unexpected charges – that’s why Moneycube is very clear on its fees.

How do I combine saving and investing?

That’s your lump sum investments taken care of.

In fact, you don’t need to leave your regular savings dwindling in the bank either.

Moneycube offers regular savings from €250.  So you can even route your regular savings into funds which aim to grow your money.

Because we focus on flexible investment plans, topping up your lump sum investment with regular savings is simple.  That’s a much better alternative than watching the value erode due to inflation.

In a world where most banks pay no interest on your savings, Moneycube believes it’s time for Irish people to think anew about investing their regular savings as well as their lump sum.


Get started with Moneycube today.

By investing €400 a month you could save €27,900 in 5 years

Using our "Picture your money" tool, you can find out how your money could work for you.

Start now It only takes a minute to get started

Note: This is an initial indication to help you picture your money. Remember that with investments it is not possible to know for certain what returns you will achieve. Please note the investment warnings at the bottom of the page. This is the approximate before-tax return on an investment which grew at 6% over 5 years.


Should you be doing more with your money? Our free ebook guides you through your investment options and shows you how to avoid the investing pitfalls that could derail your finances.



How to get started investing in Ireland