In recent months, BoI pulled their IoM and UK operation out of the Eligible Liabilities Guarantee (the 'government guarantee'). Since then BoI are offering very high deposit rates to their UK customers via the UK Post Office. This has caused a 40%+ increase in the BoI UK deposit base as BoI use the UK Post Office as a proxy for high rate deposit gathering while reducing domestic deposit rates.
In recent weeks, AIB also pulled their IoM and UK operation out of the Eligible Liabilities Guarantee (the 'government guarantee').
Now, AIB are selectively pulling some RoI customers out of the ELG with prior consent.
AIB Business customers can get higher rates by selecting to not have their deposits covered by the ELG.
If you have a business account with AIB, and you are willing to take the risk associated with no ELG cover, then it might be worth querying non-ELG deposit rates.
In recent weeks, AIB also pulled their IoM and UK operation out of the Eligible Liabilities Guarantee (the 'government guarantee').
Now, AIB are selectively pulling some RoI customers out of the ELG with prior consent.
AIB Business customers can get higher rates by selecting to not have their deposits covered by the ELG.
If you have a business account with AIB, and you are willing to take the risk associated with no ELG cover, then it might be worth querying non-ELG deposit rates.