Where is appropraite to put a €100K retirement lump sum?
Tyring to balance high interest saving rate with security of money. AFAIK Anglo have the best deposit rate but I imagine they may not last the year...does one get the lump and interest accumulated in the Gov bank scheme if they did go bust?
I notice Investec are mentioned somewhere else....are the covered under the givernment scheme?
Was thinking of going with a mixture of bank deposit accounts and prize bonds for now - is this a good plan? Possibly a very small portion in some unit linked fund e.g. Quinn Life.
Am slightly uncomfortable about the banks because Im not sure how you would get paid from the goverenment guarnteed scheme if a few banks went bust.
Advice appreciated
Tyring to balance high interest saving rate with security of money. AFAIK Anglo have the best deposit rate but I imagine they may not last the year...does one get the lump and interest accumulated in the Gov bank scheme if they did go bust?
I notice Investec are mentioned somewhere else....are the covered under the givernment scheme?
Was thinking of going with a mixture of bank deposit accounts and prize bonds for now - is this a good plan? Possibly a very small portion in some unit linked fund e.g. Quinn Life.
Am slightly uncomfortable about the banks because Im not sure how you would get paid from the goverenment guarnteed scheme if a few banks went bust.
Advice appreciated