Northern Rock 2.5% demand account is as close as you will get. The bank is being prepared to be sold on and the UK goverment is removing its blanket guarantee. That said, I still think they are guaranteeing up to £50k. Would check it out further if you plan to open an account. Dont take my word on the figures.
Other than that, you haven't a hope of finding a risk free return of 5%. If you do, will you let me know so I can use it myself.
Maybe but what is the risk factor ?? And if you don't want to pay Tax that is fine but the longer you leave the more it will cost you in Interest and Penalties.
Maybe but what is the risk factor ?? And if you don't want to pay Tax that is fine but the longer you leave the more it will cost you in Interest and Penalties.
I am fairly sure that there are several of the bank debt instruments covered by the 'Eligible Liability Guarantee' (ELG scheme) that yield somewhere between 4.0-4.5% on a 12-18 month view. THE ELG scheme provides a full state guarantee. However, there is a minimun size for dealing, it could be €50k - you should have a chat with a Dublin-based broker who deals in these debt instruments if you have one.