advice on where to deposit my 105k savings

T

thebuk

Guest
hello everyone i am new here and would really appreciate some advice on where to deposit my 105k savings, where it can be accessed at no more than 21 days notice and i can get the best possible returns while it is there.
 
The below is the best rate available ...

 
I think a useful question is always: what is the max I am likely to need within 21 days? 3 months? 1 year?
In my opinion, very unlikely to be the whole sum, so split between different deposit institutions might suit? Have you looked at the National Solidarity Bond for a portion?
 
Might as well have the money in Anglo as National solidarity bond as relying on the state not defaulting.

If state does default what would happen to money in National solidarity Bond or certs \ bonds with an post ?

Have read a lot of discussions but not sure on deposits - are deposits in Rabo different even though covered by 100k irish scheme?
 
Anfear said:
Have you looked at the National Solidarity Bond for a portion?
Click to expand...

The OP wants 21 days access. The 10 year term deposit called the National Solidarity Bond is not suitable unless you are happy not to have access for 10 years.
 
crabbybear said:
If state does default what would happen to money in National solidarity Bond or certs \ bonds with an post ?
Click to expand...

Nobody knows for certain. In Argentina, when they defaulted, savers lost their money.

crabbybear said:
Have read a lot of discussions but not sure on deposits - are deposits in Rabo different even though covered by 100k irish scheme?
Click to expand...

Rabo is covered by the Dutch scheme.
 
 

I'm in the same boat, but I have gone from nervous about keeping too much of my savings in any Irish institution (including government bonds) to being nervous about having too much in any Euro denominated account in any Euro country.

I would really like to hear from anybody who has gone about setting up a Swiss bank account!! I mean for relatively small amounts. Say €30k ish!

Is it a big deal? Are there downsides? If so what, apart from exchange rate risk?

R
 
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