Hi all,
I have read several threads on this site but am still confussed on the safety of my cash on deposit. I have several deposits with Irish Nationwide for 3 months, 6 months, 9 months & 12 month terms. The total of all these accounts would be well in excess of €100,000. I understood the goverment gauranteee covered 100% of this money but if this is so why are so many people on this site sayin to spread your deposits out over a number of banks to make sure all your money is covered by the gaurantee?
thanks for any light you can shine on this
I have read several threads on this site but am still confussed on the safety of my cash on deposit. I have several deposits with Irish Nationwide for 3 months, 6 months, 9 months & 12 month terms. The total of all these accounts would be well in excess of €100,000. I understood the goverment gauranteee covered 100% of this money but if this is so why are so many people on this site sayin to spread your deposits out over a number of banks to make sure all your money is covered by the gaurantee?
thanks for any light you can shine on this