60,000 for investment

[hgf]

hi, having read MANY posts i wanted to "ask the experts" about the possible choices for my savings.
In December i will have 60000 in savings to invest for a year. I have studied the best buys section and wondered how others would see my plan.
I want to keep 20,000 in a fixed rate account of 3% with irish nationwide (on the offchance that there may be shares coming to me if ever they get to sell and those with 20,000 on deposoit with them might benefit as has be speculated for years!!!)
The remining 40,000 i thought i would put into Anglo Irish at their 3.8% rate.
These should net me €1590 in interest for the year after tax.
anyone any better ideas???? would appreciate your valued opinions. thanks in advance

 

[ardmacha]

INBS shares would be worth about the same as Anglo shares, they have no capital left. But if INBS is of interest why not just put some into a 3 month fixed share account, this will roll over every 3 months and the average over a year will probably be at least 3%.

 

[Lightning]

Firstly, good move with Anglo, as you noticed, they are the best buy for a 1 year term deposit.

I want to keep 20,000 in a fixed rate account of 3% with irish nationwide (on the offchance that there may be shares coming to me if ever they get to sell and those with 20,000 on deposoit with them might benefit as has be speculated for years!!!)

Personally, I think the chances of INBS floating inside the next 12 months, are between zero and zero. I would put the entire 80,000 EUR with Anglo @3.80%.

Obviously, if ECB rates go up over the next 12 months then you may be at a disadvantage.

 

[hgf]

thanks fungus, advice appreciated. have been waiting for the INBS "windfall" for years. guess i need to just let go of that hope!!