€400k in AIB on deposit - safety concern

M

Magicpony

Registered User
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With the €20k max rule on savings safety, where can I advise my father to move his money, so that his funds are 100% secure? He is worried and I don't know what to advise him. Many thanks
 
Thanks for your response. I did log onto Northern Rock but their website has a max deposit of €20k? Have I misread it?
 
Post office savings bonds (3 years) and saving certificates (5.5 years) are not ''tied in'' for these terms. Withdrawal can be made at any time but to maximize interest it is better to leave for the full term.
 
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Denmark and Holland have higher limits for deposit protection, so if your money is being held by National Irish Bank (a subsidiary of Danske in Denmark) or RaboDirect (part of Rabobank based in the Netherlands) you can benefit from greater protection. If National Irish Bank is wound up, over €40,000 of your money on deposit is guaranteed (at current exchange rates). If Rabobank fails, you are guaranteed the first €20,000 of your balance, and 90% of your next €20,000.
Click to expand...
 
Those who have deposits in NIB should find this link useful:

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Marion
 
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