3/5 yr term deposits

M

Michael B

Registered User
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Am I mad putting my €30,000 in a term account ie 3/5 years as I will not be able to access it if theres a euro break up or some other impending doom? Should I wait to see if there is any stabilisation before I lock money away.
 
Personally, given the uncertainty that still exists, I would not lock for such a long period of time.
 
I'm going with Investec, their 18 month deposit account paying 4.52% aer, it is a trade off to get a decent rate over a reasonable time period and many things can happen, don't exceed €100k in any one account and you'll be covered by the UK State guarantee, I'm satisfied with that..
 
NTMA State Savings

State Savings is never locked away as all is available at 7 days notice. Rates for 3 and 5 1/2 year are tax free -Interest rates are listed on NTMA website
 
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