Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

What bank to put my money in?

  • 25-01-2010 8:39am
    #1
    nick23
    Registered Users, Registered Users 2 Posts: 255 ✭✭


    Hi i currently have about €20000 gaining interest in an anglo account (was something like 4.5% interest over 12 months)
    The account will mature at the end of the month and obviously i want to keep gaining good interest on it but I dont have the time to spend investing with the dedication i'd like.
    My question is which would be the best bank to put my money into? (I'm loioking for a fixed term account from anywhere between 6 - 18 months)

    Also i have been hearing that the governments guarantee for the safety of deposit accounts will expire in september. Is this something i should take into account and if so what's the best way to ensure the safety of my money?

    Thanks in advance for any help you can give me

    Nick


Comments

  • #2
    nick23
    Registered Users, Registered Users 2 Posts: 255 ✭✭nick23


    Anyone?


  • #3
    lilstar85
    Closed Accounts Posts: 16 ✭lilstar85


    Well i know a great bank .... you can put it in mine lol

    I promise you it will be very safe....! ;)


  • #4
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭homer911


    If your only criteria is maximising return without thought to security/risk, then askaboutmoney has a thread which lists the returns available from various banks and its kept up to date

    Try this one for fixed term:
    http://www.askaboutmoney.com/showthread.php?t=101813

    Or this one for variable:
    http://www.askaboutmoney.com/showthread.php?t=102329


  • #5
    akadesign
    Registered Users, Registered Users 2 Posts: 406 ✭✭akadesign


    So what happens after september and the governments guarantee expires, is our money at risk?


  • #6
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭homer911


    akadesign wrote: »
    So what happens after september and the governments guarantee expires, is our money at risk?

    Thats for you to decide - by that stage it looks like the main banks will be majority owned by the Irish Gov. anyway

    The only bank (I think?) in the Irish Deposit market that has a higher credit rating than the Irish state is Rabobank (RaboDirect)


  • Advertisement
  • #7
    i_inky
    Closed Accounts Posts: 21 ✭i_inky


    At the moment Anglo is the safest bank in the country as it is owned by the government. Effectively the government guarantee can not run out.


  • #8
    Andymfinancial
    Closed Accounts Posts: 60 ✭✭Andymfinancial


    if you would consider a deposit type tracker over 1yr and 3 1/2 yrs you may want to consider BCP Split Deposit Bond, go to BCP's website and you will find a brochure there. The performance is outstanding. 8% is available not 6% as stated, PM me and i will tell you how


Advertisement