BoI Northern Ireland deposit?

[Lula]

Have fairly large sterling deposit (over 100k) in BoI Northern Ireland .... ( Iworked in Uk for years ... hence the stg & rate hasn't merited converting to € yet since I returned here) was in a fixed term A/c which recently matured and am wondering what to do. Needless to say the branch manager is keen that I reinvest there & is adamantly insisting on the security of my deposit ... 100% of total sum he tells me under Irish Guarantee if re deposited before end of Dec. The rate isn't wonderful but at present I'm more interested in security as this is all I have and need the interest to supplement my income ... in addition I worked very hard for it & don't want take any unecessary risks. Am wondering how well BoI N.I would fare should things go wrong ... assume they would be hit the same as in the south??? My gut feeling is that the banks will be supported & depositors not let suffer .... surely the rank & file depositors would not be let loose everything ... or am I being niaive? Am considering splitting and spreading around but not too sure where else is safer either ... Northern, Investec Rabo???? Don't know how to go about putting deposits in Investec or Rabo ... any advice or comment at all would be welcome in this very confusing time.

 

[Lightning]

Don't know how to go about putting deposits in Investec or Rabo ... any advice or comment at all would be welcome in this very confusing time.

Follow the instructions on their websites to set up a new account, you then need to do an electronic transfer to your new account.

Investec will pay you 3.6% for a 1 year term deposit.

Needless to say the branch manager is keen that I reinvest there & is adamantly insisting on the security of my deposit ... 100% of total sum he tells me under Irish Guarantee if re deposited before end of Dec.

100% is guaranteed until June 30th 2011.