50K what bank to invest

[Kev]

I have 50K to invest and was wondering what is the best bank to invest it in for approx 6month to a year.

Kev

 

[Lightning]

I assume you mean a cash deposit rather than an investment as such?

The best buys thread for term deposits is here: http://www.askaboutmoney.com/showthread.php?t=101813

Investec have the best 6 month rate, Anglo have the best 1 year rate.

Best Buys - Highest Term Deposit Rates

6 Months - Investec - 3.25%
1 Year - Anglo Irish Bank - 3.80%
2 Years - Bank of Ireland - 3.44%
3 Years - An Post - 4.30%
5.5 Years - An Post - 4.70%

 

[Kev]

Thanks for that info fungus, dose the Nationwide Ireland have branch in Ireland or is it internet banking. Also does anyone know what is happening with Halifax Ireland ie are the winding up in Ireland.

 

[Lightning]

Nationwide UK have internet & telephone banking, you can also drop into them in Spencer Dock in the IFSC. They are apparently looking to open branches here.

The Halifax potential closure/possible take-over is being discussed here:

 

[ardmacha]

Permanent TSB have a 9 month fixed account paying 3.5% if that period suited.