Northern Rock Vs FA eSavings Plus

[dusmythb]

Hi, Hopefully someone can offer a bit of advice or point me in the right direction with regards to a home for 15K. Originally it was going into a FA eSavings Plus a/c at 5%. However after reading a number of posts on AAM im begining to feel a little less confident about the Irish Govt deposit guarantee. I understand Northern Rock are only offering 4%, but might this be a safer option under the guarantee of BOE? Any feedback is much appreciated. Many thanks.

 

[Keano99]

Anglo are offering 4.75% for their demand deposit account. Government owned so surely there is no problem putting money there..

 

[dusmythb]

Anglo are offering 4.75% for their demand deposit account. Government owned so surely there is no problem putting money there..

Thanks Keano. Irish govt owned alright... but does this provide the same sense of security as their British counterparts?

 

[pator]

Thanks Keano. Irish govt owned alright... but does this provide the same sense of security as their British counterparts?

Do a quick search around this forum.
Do you have other specific concerns?
Be carefull with facts v. concerns v. viewpoints

Even if it wasn't govt owned (and before it was) it is part of the deposit guarantee scheme so your money is secure up to €100K
If your deposit was more than that the NR protection is unlimited.
With Anglo versus NR there is 0.75% of a difference --> its alot if you think the reaction that .75% increase or reduction on a mortgages would get.

 

[Macattack]

Even if it wasn't govt owned (and before it was) it is part of the deposit guarantee scheme so your money is secure up to €100K
If your deposit was more than that the NR protection is unlimited.
With Anglo versus NR there is 0.75% of a difference --> its alot if you think the reaction that .75% increase or reduction on a mortgages would get.

the government guarantee scheme is not capped - the 6 irish banks involved cover 100% of your deposit.

http://www.finance.gov.ie/viewdoc.asp?DocID=5507