government guarantee vs state guarantee

K

kwhouse

Registered User
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Hi,
have done some searchs but couldnt find an answer so apologies in advance if this has already been answered as my technical skills are not the best.

is there a difference between the government guarantee and the state guarantee? I know the banks have the government guarantee but I see with An Post savings its a state guarantee.

My reading of it would be the state would be better than the government (as there is a difference).

Maybe its one and the same thing - would anyone be able to answer this?

thank you.
 
There is a difference between

(i) The Irish Government Bank Guarantee Scheme (100% of deposits covered without limit)and
(ii) The Irish Deposit Protection Scheme (€100k covered)

See itsyourmoney for info on all the banks covered.
 
Another point is that the government guarantee expires in 2010, although there is talk of this being extended. No such expiration on exists on the state guarantee
 
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