Long term, agreed. But given the timeframe I'm thinking I'll get away with it....putting all your eggs in one basket, is not a good idea.
Didn't know you could double the DGS on joint accounts, good to know thanks. Would still require too many institutions.Are you in a position to spread the money in jointly held accounts which would, at least, bring the Guarantee figure up to €200,000 per institution.
Nope, can put it anywhere. I have banked with AIB forever, and this is the only reason.You need to keep the money with AIB.
This is what I thought and what I was hoping someone would sayAnyway, it would take AIB to go bust for you to lose all bar the ECB guaranteed amount. If AIB were to go belly up, then the civil strife in Ireland would put your problems into the shade!
Certainly a current account which does not have time delay withdrawals is not the place for a large sum of money. There are so many scams, hacks, thefts or call it what you like, a current account is not the right place.
Great suggestions, didn't even consider the security aspects. Will move it to a notice deposit account where it's not so easy to withdraw from and might earn a few euro interest in the meantime.Do not keep that amount in a current account....just don't
I could..You could put 250k into prize bonds per individual and contribute to the prize bonds thread here with your successes.
But given the timeframe I'm thinking I'll get away with it.
I have read numerous posts over the years where members have vigorously recommended to split cash across multiple institutions to benefit from the Deposit Guarantee Scheme.
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