52K to reinvest - where to now?

I've a 1 Year Fixed account with the EBS that matures this month. I've been checking this site on a regular basis and seem to think that literally no one want to do any short fixed term a/c's these days since all the banks have cut the interest rates. (I got 5.6% on this particular one last year). The EBS had an attractive 5 month fixed a/c a few weeks back but alas thats gone south.

I'm due €52k on this and wonder if I should leave say 20k @ 3.31% AER in their 18 month fixed with the EBS and open an new a/c with either Nationwide or Anglo @ 3.8% fixed for a year and put the balance into An Post 5.5 year Savings Cert.

In view of the State guarentees timeframe, we're not looking to be tied us in the very long term as we have some additional policies that we took out with Irish Life back in the good times and they won't mature till 2012+

any options/advice?

Thanks

Personally, I would not lock into a 1.5 year EBS term deposit or a 5.5 year An Post term deposit right now. Interest rates are only likely to head north in the medium term and term deposit rates in tandem.

In your circumstances, I would put the whole 52,000 EUR into an 11 month term deposit with Irish Nationwide @ 3.81%. Your deposit is 100% state guaranteed, it is the highest short term deposit rate currently and term deposit rates might be higher in 11 months time when it matures.

Also, you mention the government guarantee period, the above term deposit expires before the end of the guarantee period. (100,000 EUR will be covered post guarantee period as things currently stand.)

Also, of note, the EBS 1.5 year EBS term deposit rate offer expires shortly.

Thanks - thats the sort of advise I was looking for. Looks like the IN for sure