Can I get my P/TSB deposit?

H

Hippykitten

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I signed up to a 40 day notice account with Permanent TSB in October. Can I now access these funds (immediately) as I am worried about my money?
 
What’s to worry about? your guaranteed up to 100k by the EU... unless you have considerably more funds!
 
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3.1 You may at any time close your account and the balance and any accrued interest less DIRT (where applicable) will be sent to you by cheque subject to the account balance being cleared funds and after deducting any amounts you owe us. An early withdrawal charge where it applies will be deducted from the account closing balance.
 
Hippykitten said:
I signed up to a 40 day notice account with Permanent TSB in October. Can I now access these funds (immediately) as I am worried about my money?
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I suggest you move your money, you can get a better rate of return and more safety elsewhere. Nationwide UK will pay you 3.15% and are a far more stable bank.

Ask what the withdrawal penalty is.

fuzzy10 said:
What’s to worry about? your guaranteed up to 100k by the EU... unless you have considerably more funds!
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You are not guaranteed by the EU. You are guaranteed by the Irish state.
 
Hang on a sec Ciaran, the deposit protection scheme was written into EU law, the indo covered the story, very irresponsible of u to be telling people to pul money out of irish banks, spark a run why dont you...

Also can u confirm if you work for nationwide uk? every second post u write it about how bloody great they are
 
Bobby,

I have always pushed people to get a good return for their own money. If you can get a better return for your money outside an Irish bank, then why not do it.

I have no connection with Nationwide UK other than being a customer.
 
Nick Webb writing in todays Sunday Indo states that sums under 100k are covered by the guarantee "which is now enshrined in European law"

What does this mean? Does it mean guarantee is underwritten by ECB?
 
No, it just means that Europe is encouraging local governments to have a standard protection of 100,000 EUR per person per bank.

Irish bank deposits are guaranteed by the Irish state, not the ECB.
 
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