Hi,
I have E50k which I'd like to invest in a fixed term account (say 6 or 9 months).
I've read the Best Buys section, but am very worried about the safety of the deposit.
I'm not really clear on the difference between the Irish Government Bank Guarantee Scheme and the Irish Deposit Protection Scheme. Also, is this really guaranteed, or could a situation arise where the deposit wouldn't be covered?
Can anyone recommend the safest bank for this kind of deposit?
It may not make sense, but I'd prefer a bank which has a physical presence in Ireland.
Would it be any safer to put it all in a Credit Union, even though the interest rate is lower?
Thanks,
Shiraz
I have E50k which I'd like to invest in a fixed term account (say 6 or 9 months).
I've read the Best Buys section, but am very worried about the safety of the deposit.
I'm not really clear on the difference between the Irish Government Bank Guarantee Scheme and the Irish Deposit Protection Scheme. Also, is this really guaranteed, or could a situation arise where the deposit wouldn't be covered?
Can anyone recommend the safest bank for this kind of deposit?
It may not make sense, but I'd prefer a bank which has a physical presence in Ireland.
Would it be any safer to put it all in a Credit Union, even though the interest rate is lower?
Thanks,
Shiraz
