Should I divide my money between Anglo and Investec?

F

François

Registered User
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I have approximately €32,000 that I am willing to put away for a year.

I was considering putting it all in Anglo for 12 months in their 5.25% fixed account. Would I be mad to do this considering what is happening at Anglo right now. Or should I put €20,000 in Investec for 6 months at 5.58% and the remaining €12,000 in Anglo for the year? Does the governments guarantee scheme cover interest earned if a bank goes belly up?

Thank you.
 
Re: Should I divide my money between Angloe and Investec?

whats happening in anglo? the bank is owned by the taxpayer, its the safest place to put your money
 
Re: Should I divide my money between Angloe and Investec?

If you do not need access to the money for one year then you will most likely be better off locking at 5.25% for 1 year rather than 5.58% for 6 months and then to review.

Your Anglo Irish deposit is 100% state guaranteed including interest.
 
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