First Active eSavings - Watch out on the 15k

[AnthonyMc]

Is money safe in this account considering the current environment?

 

[oldtimer]

Its as safe as any other institution. First Active covered by the irish protection scheme, so, if First Active go bust you will be guaranteed 90% of your savings, assuming you are watching the 15K limit.

 

[ClubMan]

Its as safe as any other institution.

If you are referring to the money as opposed to the institution then this is not quite true - the Rabo/Dutch CB guarantee and the Northern Rock/HMG 100% guarantee on deposits are better than the 90% of up to €22,222 offered by the Irish CB/IFSRA scheme.

if First Active go bust you will be guaranteed 90% of your savings, assuming you are watching the 15K limit.

And the €15K limit is irrelevant here. The €22,222 limit is what matters.

 

[brendan76]

Where can i get more info on this 90% ? first active T&Cs? Website?

 

[ClubMan]

Where can i get more info on this 90% ? first active T&Cs? Website?

www.itsyourmoney.ie and about a hundred recent threads here on AAM (or at least it seems that way!).