I hope everyone is well while here in Australia we are experiencing a continuous fall versus any other major currency...
Quick question: as I could understand the deposit protection scheme guarantees deposits at UB and FA for 100K with each institution.
...But they are part of the same group, i.e. RBS.
I was wondering if it's your understanding as well that if someone has got 100K at UB and 100K FA then in case RBS collapses then the saver is protected for 200K in total under the protection scheme... Is this your understanding as well?
Yes. While they are both part of the RBS group, they're separately regulated by the Irish Financial Regulator. So the €100k guarantee applies separately to each of them. €100k can be kept in each for a maximum guaranteed amount of €200k.