An Post/State Savings will let an individual put €250k on deposit. Apparently a company can put €5m on deposit. For higher amounts, one presumably should find a bank with the strongest balance sheet, and which is likely to be considered systemic, aka too big to fail.I was wondering where they will put it?
OK, so if I take my millions out of Silicon Valley Bank and put it into AIB. Now I am worried about AIB, but where do I go with it?
I can't take it out in dollar notes and keep it under the bed.
Brendan
For the US market, the likes of Bank of America or Citibank probably fit the bill. In Ireland, it's Bank of Ireland and AIB.