Government guarantee ending?

P

penguin

Registered User
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As far as I know it ends in September ?
64 million dollar question is what will/could happen after this ?
I’am luck enough to have 165k on deposit at the moment and am unsure/nervous now what to do with it. The interest rate which I would get on it is NOT the most important thing as opposed to just getting back my capital when I find the right house and need it . Iam in a bit of limbo as I do not want to get a mortgage as my job is under threat at the moment and Im not sure exactly what the next 12 to 18months holds for me in the capacity.
　
I know this is not a specific question but the most important part of it is security.
Any suggestions would be gratefully accepted.
Thanks in advance.
　
　
　
Ps:
I have read the 3 best buys thread plus , the lump sum comparrison.
 
AFAIK the government will still guarantee deposits up to 100k after September so you just need to spread your savings.
 
thanks for the reply elcato.

I guess thats what I'll have to do or take a chance on getting a mortgage and hope that my job pulls through this .


As a sort of side note question, there are plenty of people (who unlike me already have a home,a car etc etc,) with a lot more than my savings and they going to have to have 5,6,7,8,9,or 10 accounts of 100k each or do they have it banked in Switzerland ?
 
Do I understand it correctly that a fixed term account with Anglo Irish Bank, taken out before guarantee ends, remains 100% guaranteed until the end of its term? Any other deposits will be guaranteed up to €100k for EACH depositor, is that correct?

Slim
 
Any other deposits will be guaranteed up to €100k for EACH depositor, is that correct?
Click to expand...
Interesting point. I presume they guarantee one depositor in each institution as oppose to each person can only get a max of 100k.
 
One guarantee per person per guaranteed bank.

Slim said:
Do I understand it correctly that a fixed term account with Anglo Irish Bank, taken out before guarantee ends, remains 100% guaranteed until the end of its term? Any other deposits will be guaranteed up to €100k for EACH depositor, is that correct?

Slim
Click to expand...

Yes, if the term is 5 years or under.
 
elcato said:
AFAIK the government will still guarantee deposits up to 100k after September so you just need to spread your savings.
Click to expand...

Isn't that just a bluff though?

If AIB and BOI collapsed could they really afford to give everyone their money?
 
I am being advised by AIB that if I have agreed a deposit with them before September 29th for a fixed term then the full amount will be guaranteed for that term. Can anyone advise me if this is the case
 
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