Nationwide (UK): entry into the Irish savings market!

[bearishbull]

In event of
a)Soverign default or
b) Ireland leaving euro

Could Irish government get hold of deposits in Nationwide uk or could a deposit with them be reduced significantly in value.

 

[bearishbull]

i suppose i want to know where the account is legally held. Also do they do sterling accounts for irish residents?

 

[Lightning]

In event of
a)Soverign default or
b) Ireland leaving euro

Could Irish government get hold of deposits in Nationwide uk or could a deposit with them be reduced significantly in value.

Yes. Nationwide UK Ireland is subject to the law of Ireland.