Are you insane ?

You are risking £100k with an unknown future

to start with - you should reduce this to a maximum of £70k in any one establishment

and then think again....

I have some money with Close Brothers and am wondering about taking up their most recent offer of a 5% on a fixed 2 year bond. Have read in the press that there are rumblings about takeover bids some of which are potentially from overseas. Does anyone have any insight or advice - ie how safe do you think savings would be? For information I already have 100K with them (joint ac) and therefore would be taking a risk anyway by putting more with them but the interest rate looks attractive.