As simple as it sounds, but I have yet to meet somebody who give a reasonable argument as to why a person shouldnt put their money into 1 year Irish government bonds versus 1 year fixed deposit with Irish banks.
If the Irish government goes under (or is financially crippled), then its guarantee to Irish banks doesnt mean anything so the 100k guarantee is gone , so where does that leave the safety of your deposits?.
So why would I take 4% from a bank underwritten by the Irish Government, when I could get 6% directly from the Irish government directly?!
If the Irish government goes under (or is financially crippled), then its guarantee to Irish banks doesnt mean anything so the 100k guarantee is gone , so where does that leave the safety of your deposits?.
So why would I take 4% from a bank underwritten by the Irish Government, when I could get 6% directly from the Irish government directly?!