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Savings Bonds & Certificates

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  • 24-11-2010 11:28pm
    #1
    jkjhngk
    Closed Accounts Posts: 66 ✭✭


    In the currect economic climate, could someone tell me if savings bonds/Certificates are safe?

    Thanks


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    #2
    jkjhngk
    Closed Accounts Posts: 66 ✭✭jkjhngk


    bump?


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    #3
    mazza
    Registered Users Posts: 220 ✭✭mazza


    jkjhngk wrote: »
    In the currect economic climate, could someone tell me if savings bonds/Certificates are safe?

    Thanks

    Is it saving bonds or certs issued by An Post you are referring to?

    If so, they are state guaranteed, for what that's worth these days.


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    #4
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    There is a very detailed discussion on this topic here:
    http://www.askaboutmoney.com/showthread.php?t=147319

    Basically, An Post deposits are used to fund the national debt. With a high risk of default in the medium term, I would not hold deposits with An Post/NTMA.


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    #5
    jkjhngk
    Closed Accounts Posts: 66 ✭✭jkjhngk


    Fungus wrote: »
    There is a very detailed discussion on this topic here:
    http://www.askaboutmoney.com/showthread.php?t=147319

    Basically, An Post deposits are used to fund the national debt. With a high risk of default in the medium term, I would not hold deposits with An Post/NTMA.

    Medium term being 3-5 years?


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    #6
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    I would think a default is most likely several years away. Whether than is 2 years or 4 year away, I don't think it is worth holding state deposits.


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    #7
    jkjhngk
    Closed Accounts Posts: 66 ✭✭jkjhngk


    Fungus wrote: »
    I would think a default is most likely several years away. Whether than is 2 years or 4 year away, I don't think it is worth holding state deposits.

    so are you saying the money would be safer is a bank a/c like boi/ub/aib or where?


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    #8
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    Nationwide UK @ 3% is safer option.


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