Are An Post Saving Certs safe?

With 200K invested (joint-account) in An Post Savings Certs I am a little concerned as to the safety of the investment in the current climate. What would be the scenario if the country went bust (I realise it is virtually there already!) and would it be more prudent to transfer some of this to the likes of Rabobank?

I think it's highly unlikely you'll lose your money.While I believe Southern Ireland is effectively broke the European Union Project will bale out Ireland because they don't want to world to know the whole EU project is economic and political madness.Trust me,your money is safe.

brendanyumo said:

I think it's highly unlikely you'll lose your money.While I believe Southern Ireland is effectively broke the European Union Project will bale out Ireland because they don't want to world to know the whole EU project is economic and political madness.Trust me,your money is safe.

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fair enuf but I wonder what are the chances of the government saying were no longer in a position to pay any interest on these accounts in the foreseeable future.

Bail everything out. Perhaps this party is still dragging on because some risk takers believe it is the responsibility of society to cover speculative risks they took in the expectation of personal financial gain.