There is no ranking of different types of deposit accounts in a liquidation.If one has funds in a Euro designated Current account in one of the Euro countries, are these funds safer (rank ahead) than funds in a Deposit account in the event of the bank going bust ?
"Should" being the key word there."For an ordinary deposit account with say €50k, can you just walk in and withdraw the cash? Do you have to give them notice first? Would they even give you that amount of cash!?"
They have to give you your own money no matter what the amount is
A Day's notice should be more than sufficient
The Irish government guarantee covers deposits up to an unlimited sum of money. There is no 100,000 EUR cap. The guarantee expires on December 31st 2011 but it is likely that the EU will extend it for another 6 months.Can anyone explain re the bank guarantee? If there's more than 100k in the same account - is it better to put the excess in a different bank? Or any other thoughts re cash on deposit - bank, post office or other?