to switch from Anglo Irish or not ?

M

Midsummer

Registered User
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112
I know Anglo Irish deposits are guaranteed etc. but has anyone thought about the administration it might involve if it came to the crunch and everyone applied for their money back ? I.e. could you be waiting & form filling & finding original applications etc. trying to get your guaranteed money out ?

The reason I'm asking is that we have a small savings account where the children's allowance etc. is deposited every month & quarter - so I'm wondering is it worth the hassle of getting this changed & closing the Anglo Account ? Could save time and energy in the long run.
 
It depends on when you could need the money.
Is it the regular saver @ 8%? If so, how long have you had it? That account is only for a year so depending on how long you've had it, it may be near maturity so the risk of Anglo going bust before it matures would be less than if you just started it yesterday....
 
no it's not that account - can't predict when we'll need the money but if there was a delay who knows we could be stuck.
 
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