Irish Nationwide - 3 month fixed term

[galleryman]

I want to avail of the 3.5% 3 month rate with INBS. I will be depositing less than €100k so my money shoudl be 100% guaranteed.

Whats my worst case scenario if INBS go to the wall?

thanks

 

[Palerider]

You will rely upon the Government guarantee, the only variable is how long it would take to get your money back and would your interest be covered, frankly in my opinion you have nothing to worry about as long as the Guarantee remains in place, I have funds in the same account so I am doing as I do myself on this one .

 

[Lightning]

Whats my worst case scenario if INBS go to the wall?

INBS are already nationalised.

Worst case from here is that the Irish government cannot raise the capital for the ongoing funding of INBS/Anglo/AIB etc. One would expect the ECB/IMF to step in should this happen.