I have approximately €32,000 that I am willing to put away for a year.
I was considering putting it all in Anglo for 12 months in their 5.25% fixed account. Would I be mad to do this considering what is happening at Anglo right now. Or should I put €20,000 in Investec for 6 months at 5.58% and the remaining €12,000 in Anglo for the year? Does the governments guarantee scheme cover interest earned if a bank goes belly up?
Thank you.
I was considering putting it all in Anglo for 12 months in their 5.25% fixed account. Would I be mad to do this considering what is happening at Anglo right now. Or should I put €20,000 in Investec for 6 months at 5.58% and the remaining €12,000 in Anglo for the year? Does the governments guarantee scheme cover interest earned if a bank goes belly up?
Thank you.