Should I take my money out of BOI

[elainem]

I have a large sum in BOI. It's invested until Jan next year. My cousin who is an accountant said I should take it out and pay off my mortgage in case everything goes belly up. Is he correct in his view. If I take out my savings early I won't get the e5,500 interest in Jan, but I don't want to lose my savings either and be left with mortgage if everything goes belly up. Thanks.

 

[Guest105]

I think you should leave it where it is and just monitor the current situation. I also believe if the bank has survived up to now it probaby has weathered the storm.

 

[Lightning]

I have a large sum in BOI. It's invested until Jan next year. My cousin who is an accountant said I should take it out and pay off my mortgage in case everything goes belly up. Is he correct in his view. If I take out my savings early I won't get the e5,500 interest in Jan, but I don't want to lose my savings either and be left with mortgage if everything goes belly up. Thanks.

Which BoI deposit product? Did BoI tell you that you would lose the interest?