First Active eSavings - Watch out on the 15k

Is money safe in this account considering the current environment?
 
Its as safe as any other institution. First Active covered by the irish protection scheme, so, if First Active go bust you will be guaranteed 90% of your savings, assuming you are watching the 15K limit.
 
oldtimer said:
Its as safe as any other institution.
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If you are referring to the money as opposed to the institution then this is not quite true - the Rabo/Dutch CB guarantee and the Northern Rock/HMG 100% guarantee on deposits are better than the 90% of up to €22,222 offered by the Irish CB/IFSRA scheme.
if First Active go bust you will be guaranteed 90% of your savings, assuming you are watching the 15K limit.
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And the €15K limit is irrelevant here. The €22,222 limit is what matters.
 
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