Best Security - State Savings or a Bank ?

[HalloweenMan]

Hi All,

In terms of security where would be best to invest a rather large deposit

1) State Savings - NTMA
2) An Irish Bank.

• If the state were to go bust which option is best ?
• If Ireland dropped out of the Euro which option is best ?

Any advice appreciated ...

 

[Lightning]

Hi All,

In terms of security where would be best to invest a rather large deposit

1) State Savings - NTMA
2) An Irish Bank.

Risk level is very similar.

• If the state were to go bust which option is best ?

NTMA State Savings are invested directly in the national debt. If there is a sovereign default then State Savings would be effected.

• If Ireland dropped out of the Euro which option is best ?

Any advice appreciated ...

No difference, they would both convert to a new Irish currency.