Having (finally)sold my house I have c.500K to mind/invest for 12 months.
I had intended to divide it among 3 Irish institutions EBS/INBS and ILP - but now I'm just wondering if I should look at putting a small amount offshore (I have a US account from when I lived there) in the event of total meltdown - on the other hand I really don't want any currency risk. I could open an account in france as I need to do that anyway but as far as I can see interest rates there are close to 0%.
BTW my intention is to use it next year to buy a house so I don't want any risk and don't want to have to be minding it during the year e.g. swapping accounts.
I'd be grateful for any thoughts - stick with the Irish institutions or look abroad?
I had intended to divide it among 3 Irish institutions EBS/INBS and ILP - but now I'm just wondering if I should look at putting a small amount offshore (I have a US account from when I lived there) in the event of total meltdown - on the other hand I really don't want any currency risk. I could open an account in france as I need to do that anyway but as far as I can see interest rates there are close to 0%.
BTW my intention is to use it next year to buy a house so I don't want any risk and don't want to have to be minding it during the year e.g. swapping accounts.
I'd be grateful for any thoughts - stick with the Irish institutions or look abroad?