Take that to the bank

Amid ongoing uncertainty, more and more people are going down the savings route and keeping their money in the bank, writes Liam D Ferguson.

9th June, 2012
Many people are steering clear of the stock markets and seeking safe havens for their money. Photo: Thinkstock

Cash is king. That's the expression which gets bandied about in investment circles when people are so nervous about stock market prospects that they stay out of the markets altogether and leave their money in cash.

In Ireland, at present, cash is certainly king. Worries about the euro, the possibility of a Greek default and, more recently, worries about a possible bank bailout in Spain have all conspired to leave many people steering clear of...

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