Sean has invested €150,000 in Savings Certificates over a number of years. What amount of this investment is guaranteed by the Irish Government?

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Prepare for the Qualified Financial Adviser Exam 2 with flashcards and multiple choice questions, complete with hints and explanations. Get exam-ready and increase your confidence with our comprehensive study materials!

Multiple Choice

Sean has invested €150,000 in Savings Certificates over a number of years. What amount of this investment is guaranteed by the Irish Government?

Explanation:
Savings Certificates in Ireland are backed by the Irish Government, which provides a 100% guarantee on the principal invested. This guarantee covers the total amount you have put into Savings Certificates, with no per-person cap for these securities. So the full €150,000 Sean invested would be protected by the government. This differs from standard bank deposits, which are covered by the Deposit Guarantee Scheme up to €100,000 per institution.

Savings Certificates in Ireland are backed by the Irish Government, which provides a 100% guarantee on the principal invested. This guarantee covers the total amount you have put into Savings Certificates, with no per-person cap for these securities. So the full €150,000 Sean invested would be protected by the government. This differs from standard bank deposits, which are covered by the Deposit Guarantee Scheme up to €100,000 per institution.

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