Should i incease my deposit with Anglo Irish Bank

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newseeker1

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I have Premium Demand account with 3.1% interst rate and instant access with Anglo and dont have a lot of money in it - circa 5k

Im doing a financial review and was considering putting more money into this account from accounts i have with another instituins that geting no interest on the accounts.

However, with the news last week about the start of wind down of Anglo, Im wondering if it would be regarded investing in Anglo Premium demand account a good option and Anglo a stable investment or

if would advise additional funds going to move on deposit with some other financial institue offering similar rate of interest or

with the Government guarantee and Anglo state owned it a safe place to have money and offering great interest rate

Total amount would be about 60-70k

Thoughts/Advise
Thanks
 
Anglo are junk rate, insolvent, guaranteed by the Irish state and I think they do not offer a sufficient risk premium interest rate on their deposits. There are better options.

Have you read the best buys? Nationwide UK pay 3.00% with instant access, would this meet your needs?
 
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