New Deposit Account With Anglo Irish
- Thread starter rochs
- Start date
R
redtaz
Guest
Hi Rochs, you could give the Financial Regulator a call to check. We had money on deposit with last year with Anglo. The accounts matured at the turn of the year and we are now deliberating, like yourself, whether or not to lock it in for another year. According to the FR, all deposits are guaranteed by the state until midnight on the 28th September 2010. The date may not be quite correct, but it is around that time anyway. The FR's numbe ris the centre pages of the phone book and they are really helpful. Good luck.
Your deposit is 100% guaranteed by the Irish state.
You could also consider the Investec term deposit at 5.58% for 6 months.
R
redtaz
Guest
yeah, but Investec is backed by the British Financial Controller or whatever they're called over there..........do you really want to risk your few bob over there? I suppose it couldn't be much worse than here though hey?!
G
gammarid
Guest
Isn’t the state Guarantee to a max of 100k, that would leave an overhang of 50k??
With regard to the scheme – people are talking about the strength of some institutions versus others – but surely that is not relevant, bar getting caught up in the red-tape of reclaiming your cash, your money is as save in EBS as AIB, or an Post for that matter which is sate guaranteed (probably to >100k though).
I have some cash with FA and some a couple of the Irish banks, which gives me a bit of comfort. Also, if the whole thing goes even further belly up and people are trying to cash in on guarantees, there is a surely going to pressure on each country to look after its own citizens first?????
I have read what people have said about rabo – and understand they have a AAA rating, but again if it goes nuclear, they don’t even have brach you can call up to (bar their HQ in IFSC).
With regard to the scheme – people are talking about the strength of some institutions versus others – but surely that is not relevant, bar getting caught up in the red-tape of reclaiming your cash, your money is as save in EBS as AIB, or an Post for that matter which is sate guaranteed (probably to >100k though).
I have some cash with FA and some a couple of the Irish banks, which gives me a bit of comfort. Also, if the whole thing goes even further belly up and people are trying to cash in on guarantees, there is a surely going to pressure on each country to look after its own citizens first?????
I have read what people have said about rabo – and understand they have a AAA rating, but again if it goes nuclear, they don’t even have brach you can call up to (bar their HQ in IFSC).
50,000 GBP is guaranteed by the UK state. It's Safe.
I
irishlinks
Guest
But he's got 150k Euro ....
Maybe split it - then you've even less chance of losing any money.
anotherdub
Registered User
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- 31
Just put the money in Irish Life and Permanent and ask them to pass it on for you!
Apparently IL&P get a very good rate of return with Anglo.
anotherdub
Registered User
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- 31
ALL deposits in the six Irish institutions (as well as Postbank and others who joined later) are covered from 30th September 2008. The €100k figure was from earlier that month.
anotherdub
Registered User
- Messages
- 31
ALL deposits in the six Irish institutions (as well as Postbank and others who joined later) are covered from 30th September 2008. The €100k figure was from earlier that month.
see above