Hi all,
I’ve been following the deposit threads on here for awhile now as I’m getting more and more nervous with holding my savings in Ireland at the moment (currently have €45k in Nationwide UK and €5k in Ulster Bank).
I’m looking to transfer this cash outside of Ireland (probably to the UK (Northern Ireland) in a euro account – I’m not particularly bothered by which is offering the best interest rates), however I’m confused as to what is the difference in security between Ulster Bank in NI, HSBC in NI and Barlcays Wealth Management. I’d like peoples opinions here on AAM regarding which institution offers the best protection against the below two scenarios:
I’ve phoned both Barlcays Wealth Management and Ulster Bank (in Newry) – both are sending me the application forms in the post to fill in and send back with certified ID, proof of address etc – I’m trying to make up my mind though as to which bank I should put my savings with. But the frustration is I don’t understand which one offers the best protection for my euro savings…….
I also have forms at home for Keytrade Lux, but havent done anything with these yet
Many thanks,
dec
I’ve been following the deposit threads on here for awhile now as I’m getting more and more nervous with holding my savings in Ireland at the moment (currently have €45k in Nationwide UK and €5k in Ulster Bank).
I’m looking to transfer this cash outside of Ireland (probably to the UK (Northern Ireland) in a euro account – I’m not particularly bothered by which is offering the best interest rates), however I’m confused as to what is the difference in security between Ulster Bank in NI, HSBC in NI and Barlcays Wealth Management. I’d like peoples opinions here on AAM regarding which institution offers the best protection against the below two scenarios:
- should Ireland leave the EU – would each bank leave my euro deposit as is and therefore not convert to the ‘punt nua’??
- If the EU disbands (and therefore the euro currency is no more), again, which bank offers the best protection against this so that my euro savings wouldn’t convert to the ‘punt nua’??
I’ve phoned both Barlcays Wealth Management and Ulster Bank (in Newry) – both are sending me the application forms in the post to fill in and send back with certified ID, proof of address etc – I’m trying to make up my mind though as to which bank I should put my savings with. But the frustration is I don’t understand which one offers the best protection for my euro savings…….
I also have forms at home for Keytrade Lux, but havent done anything with these yet
Many thanks,
dec