EBS savings

P

Pastorius

Registered User
Messages
10
I have a large amount saved in a fixed savings account with the EBS Building Society on a 3 months basis which can't be accessed until October. Do I have cause for concern in the present climate.
 
Because (a) the deposit guarantee scheme guarantees 100% of deposits up to €100K and (b) there is no hard evidence that EBS deposits are at risk right now.
 
ClubMan said:
Because (a) the deposit guarantee scheme guarantees 100% of deposits up to €100K and (b) there is no hard evidence that EBS deposits are at risk right now.
Click to expand...

I asked why the OP does not have cause for concern in the present climate and you havent answered that question. It's obvious that if the banks and building societies default that our government will not be able to pay for all their desposits and liabilities. You have overlooked that point.
 
georgesoros said:
I asked why the OP does not have cause for concern in the present climate and you havent answered that question. It's obvious that if the banks and building societies default that our government will not be able to pay for all their desposits and liabilities. You have overlooked that point.
Click to expand...

This sounds like the fanciful "€400 billion" argument. This has been comprehensively debated here.
 
You must log in or register to reply here.
Back
Top