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My mother has ~150,000 Euros deposited in a single account in the Bank of Ireland. While this is not her life's savings, it is a significant portion.
What I have read about the insurance on B of I accounts causes me concern, and I would like her to diversify her savings. However, since I was raised in America I'm not well informed on how she could best to do this in Ireland. For example, could she open several accounts in B of I to increase her coverage? What about an account with the Post Office? Any advice or suggestions would be greatly appreciated.
BTW, I haven't seen many news stories about insolvency since March...is this still a concern for Irish banks?
What I have read about the insurance on B of I accounts causes me concern, and I would like her to diversify her savings. However, since I was raised in America I'm not well informed on how she could best to do this in Ireland. For example, could she open several accounts in B of I to increase her coverage? What about an account with the Post Office? Any advice or suggestions would be greatly appreciated.
BTW, I haven't seen many news stories about insolvency since March...is this still a concern for Irish banks?