€400k in AIB on deposit - safety concern

M

Magicpony

Registered User
Messages
17
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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Yes, NIB is covered by the Danish guarantee scheme - €40250 limit would be correct.
 
Those who have deposits in NIB should find this link useful:

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Marion
 
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