Hi,
I've €150,000 to put on deposit. I'm putting €80,000 in to a 7 month term deposit with EBS paying 3.5%. I was thinking of putting the remainder into a 3 month term deposit with Irish Nationwide also paying 3.5%, but the government gaurantee runs out before the INBS account matures. To be honest INBS doesnt inspire me with confidence, I just feel there will be a run from INBS just before the gaurantee ends. Am I being paranoid?
Another option would be to transfer the €70,000 into my wifes name and get her to open a 2nd 7 month term deposit with EBS in her name. Would both EBS accounts be covered by the gaurantee as they both have less than €100,000 and are in different names even though they would have the same address?
I know if you were to open a term deposit before the gaurantee runs out, you'll be covered for the lenght of the term. I just want to have all the bases covered.
Thanks in advance.
I've €150,000 to put on deposit. I'm putting €80,000 in to a 7 month term deposit with EBS paying 3.5%. I was thinking of putting the remainder into a 3 month term deposit with Irish Nationwide also paying 3.5%, but the government gaurantee runs out before the INBS account matures. To be honest INBS doesnt inspire me with confidence, I just feel there will be a run from INBS just before the gaurantee ends. Am I being paranoid?
Another option would be to transfer the €70,000 into my wifes name and get her to open a 2nd 7 month term deposit with EBS in her name. Would both EBS accounts be covered by the gaurantee as they both have less than €100,000 and are in different names even though they would have the same address?
I know if you were to open a term deposit before the gaurantee runs out, you'll be covered for the lenght of the term. I just want to have all the bases covered.
Thanks in advance.