Best Isle of Man Euro Deposit Options

B

Brian_R

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Can someone please recommend the best IOM bank for Euro deposits? I am getting my money out of Ireland. Thanks.
 
Hi,
If you chose an offshore account with AIB or Anglo account (seeing as they're offering the best rates), are you covered by the UK government guarantee (seeing as the banks are registered in IOM/Jersey) or by the Irish government guarantee? If it's the UK government guarantee, surely this is quite a safe option up to the UK government guarantee limit of 50K sterling...
 
sixshooter said:
Hi,
If you chose an offshore account with AIB or Anglo account (seeing as they're offering the best rates), are you covered by the UK government guarantee (seeing as the banks are registered in IOM/Jersey) or by the Irish government guarantee? If it's the UK government guarantee, surely this is quite a safe option up to the UK government guarantee limit of 50K sterling...
Click to expand...

You are covered by the Irish guarantee.
 
Thanks Ciaran T.

I have one other query on the same theme. I am now thinking of opening another IOM account (Nationwide International). I already have an account with Nationwide UK in Ireland (the euro equivalent of the 50K Sterling UK Gov limit). Is Nationwide International seen as a separate bank to Nationwide UK (and therefore both have a separate 50K Sterling UK Gov limit for each customer)? Or are both seen as the same bank and therefore a customer will only be covered for the first 50K Sterling of the sum of a customer’s deposits? The Nationwide International call centre assistant told me that they’re viewed as separate banks but he didn’t sound very convincing…
 
sixshooter said:
Thanks Ciaran T.

I have one other query on the same theme. I am now thinking of opening another IOM account (Nationwide International). I already have an account with Nationwide UK in Ireland (the euro equivalent of the 50K Sterling UK Gov limit). Is Nationwide International seen as a separate bank to Nationwide UK (and therefore both have a separate 50K Sterling UK Gov limit for each customer)? Or are both seen as the same bank and therefore a customer will only be covered for the first 50K Sterling of the sum of a customer’s deposits? The Nationwide International call centre assistant told me that they’re viewed as separate banks but he didn’t sound very convincing…
Click to expand...

They are separate.
 
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