Irish Nationwide 11 month fixed terrm account

Has anyone seen the new 11 month term account offered by INBS.

They are paying 3.80% for 11 months, it may be just me, but this actually puts me off putting any business their way, something very desperate about them even more now that they have to chase the government guarantee scheme end date to attract business.

Surely this proves they have no future as a stand-alone entity more. There was an article in one of the papers over the weekend about EBS pushing for them to take INBS over or so the article, cant remember which paper tho.

I know the rate is most likely one of the best for such a term but I dont know, for me its not always about the rate, I have to feel happy about who I put my money with. Anyone else share the same view?

The rate for their new 11 month term deposit is 3.81% AER and it is a best buy for a short term deposit.

The Sunday Business Post reported last Sunday about the vast amount of deposits that Irish Nationwide has lost in the last year.

Their high savings offers are a reflection of their need to increase their deposits to loan ratio, competitive pressures as savings rates keep going up and their need for cash.

Anglo offered the highest savings rates on all/most of their products shortly before they were nationalised.