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Over four decades working, I have saved some money and have it all on deposit with Anglo-Irish Bank.
Is it safe to leave it there or should I start moving it now? I'm not too concerned about interest at the moment - more about the safety of my capital.
Thanks in advance for advice.
Well apart from the fact that they're a bank that offer efficient and pleasant customer service (versus other banks) and a good online/telephone banking service.Your OP said "you are not too concerned about the interest rate". If that is the case, there is no reason to have any money in Anglo.
I was under the impression the OP holds a deposit, not a subordinated bond. Deposits are guaranteed by the Irish state, so effectively the Irish sovereign credit rating applies, which is not quite junk.Anglo are junk rated by the credit agencies
As are you if you use any Irish banking service, use any business that relies on the Irish banking system, work in the public sector, rely on public transport, hospitals, schools, ESB Networks or any other service provided by the Irish state.and are dependent on the ECB, CBI and the Irish state for ongoing survival.
Well apart from the fact that they're a bank that offer efficient and pleasant customer service (versus other banks) and a good online/telephone banking service.
I was under the impression the OP holds a deposit, not a subordinated bond. Deposits are guaranteed by the Irish state, so effectively the Irish sovereign credit rating applies, which is not quite junk.
Well apart from the fact that they're a bank that offer efficient and pleasant customer service (versus other banks) and a good online/telephone banking service.
I was under the impression the OP holds a deposit, not a subordinated bond. Deposits are guaranteed by the Irish state, so effectively the Irish sovereign credit rating applies, which is not quite junk.
Typical sensationalist nonsense that is passing as "balanced advice" on this site, unnoticed by the usually sensitive radars.
If we all abandon ship with our funds then we all sink.
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