Yes you have misread something.Thanks for your response. I did log onto Northern Rock but their website has a max deposit of €20k? Have I misread it?
I think that the only funds garanteed by the post office are the ones that you are tied in to for 3 years or 5 and a half years.Is the post office not 100% guaranteed ?
Denmark and Holland have higher limits for deposit protection, so if your money is being held by National Irish Bank (a subsidiary of Danske in Denmark) or RaboDirect (part of Rabobank based in the Netherlands) you can benefit from greater protection. If National Irish Bank is wound up, over €40,000 of your money on deposit is guaranteed (at current exchange rates). If Rabobank fails, you are guaranteed the first €20,000 of your balance, and 90% of your next €20,000.