Bank safety
Author
Discussion

me2

Original Poster:

188 posts

272 months

Wednesday 17th December 2008
quotequote all
I recently filled in an application form to invest £100k in Anglo Irish Bank,
I am having doubts now, even though unlimited funds are covered by the Government, [Irish] thing is if I get it to them by Friday I get 5.75% fixed, what do the learned forumites think?

benoli

1,351 posts

218 months

Wednesday 17th December 2008
quotequote all
high interest = high risk

invest in property - buy to let at the moment, and then sell in 2-3 years
besides which - buying means you're stimulating the economy (helping us all get out of this st)

me2

Original Poster:

188 posts

272 months

Wednesday 17th December 2008
quotequote all
If the Irish Government bailed it out, presumably nationalised it, would it continue and pay interest or would I have to reclaim the capital?

me2

Original Poster:

188 posts

272 months

Wednesday 17th December 2008
quotequote all
Hope you do not think I am a terrorist.