Does anybody in Ireland hold bonds?

[alwaysonit]

For every EUR bond fund I've found, the yield (YTM less expenses) is 1% or less on all of them.

Irish banks pay 2% and are government insured up to €100,000.
Is leaving fixed income in the banks the way forward at the current climate?

 

[alwaysonit]

With no replies in 3 weeks I'll assume not!
As of now I'm holding the fixed part of my portfolio in bank deposits.