Fixed or Demand Deposit Savings in Uncertain Times

Hello,

I recently decided to roll over lump sum saving with KBC taking advantage of thier attractive 1 year fixed rate. However I am now wondering if would be better to have it in a demand account given problems with possible break-up of euro currency. I have a 14 day cooling off period so need to make decision quick.

My main query is what advantage would there be to having lump sum on demand? Am I naive in thinking that the advantage would be the ability to electronically switch money out of the account and into an account in another currency (assuming I had already set up same) in the event of the euro collapsing?

3% or so rate on their instant access demand a/c which is'nt bad at all

The advantage of an instant access account is you can act faster to get your money out of euro, if required.

With KBC, you can take your money out of the 12 month term deposit, at any stage, subject to an interest penalty.