We all know that saving for the future is important. Depending on what your savings goals are, the types of savings accounts you choose will differ. For example, if you've short term aims, less than four to five years, then a deposit account that offers some access may suit best. However, you could be simultaneously saving for more medium to long term goals, such as that dream holiday or to build up a college fund for your children.
That's where EBS Choice Saver could come in as it is designed for savers who want to put a little away regularly for the medium to longer term, five years or more. EBS Choice Saver gives you the potential to achieve returns greater than inflation and deposit rates, by investing over the medium to longer term in a range of funds. The types of assets invested in could be a combination of worldwide company shares, bonds, property or cash, depending on the options you choose.
By saving on a regular basis, you are buying units in your chosen funds at different prices every time you make a payment. Just like anything else you buy, the lower the price the more you can buy. Over the long-term regular savers could benefit because they could buy more units in the times when the market falls. Similarly fewer units are bought when fund prices are higher.
With EBS Choice Saver, you can choose from a range of funds, each with differing levels of risk and potential return, to suit your saving style including our recently launched Multi Asset Portfolio Funds (MAPs).
Multi Asset Portfolio Funds are our new recommended default investment strategy for customers with an appropriate appetite and attitude to risk for this type of saving and investment and they have the following product features:
Asset Diversification – Your Investment will be spread proportionately across a wide range of asset classes including Bonds-Minimum Volatility Shares-Alternative External Fund Managers –Commercial Property-Emerging Market Shares-Developed Market Shares-Cash.
Dynamic Shares To Cash (DSC) – An innovative solution and a market first in the Irish market only offered by Irish Life where the percentage of your investment which is held in developed market shares will automatically fluctuate with the cash fund at various times depending on the prevailing market conditions to cushion this portion of your investment against potential losses and also to speed up recovery when market conditions are more favourable.
Rebalancing – Irish Life will carry out a quarterly review of your Multi Asset Portfolio to ensure it remains aligned to your attitude to savings and investments established during a review you will have completed prior to making this investment.
Best of all, you can switch funds as often as you like free of charge, giving you real control.
To find out more information about our EBS Choice Saver and our recently launched MAPs "Multi Asset Portfolio" funds please talk to your Savings & Investments Advisor in your local office.
- A unit-linked, regular-savings investment plan
- Minimum investment of €150 up to a maximum of €10,000 per month.
- You can choose to change your payment amount at any time
- You can also invest lump sums of €500 to €10,000
- 10 varied funds for you to choose from including our recently launched MAP – Multi Asset Portfolio Funds
Please note: Terms and conditions apply. Please see the EBS Choice Saver brochure for more information on charges and product terms and conditions.
EBS Choice Saver is provided by Irish Life Assurance plc.
WARNING: IF YOU INVEST IN THIS PRODUCT YOU MAY LOSE SOME OR ALL OF THE MONEY YOU INVEST.
WARNING: THE VALUE OF YOUR INVESTMENT MAY GO DOWN AS WELL AS UP.
WARNING: THESE FUNDS MAY BE AFFECTED BY CHANGES IN CURRENCY EXCHANGE RATES.
EBS d.a.c. is a tied insurance agent of Irish Life Assurance plc for life insurance products.
EBS d.a.c. is regulated by the Central Bank of Ireland.
Irish Life Assurance plc is regulated by the Central Bank of Ireland.