So should we be tempted or not?
So should we be tempted or not?
I would say not. 4.5% interest to lend to an effectively bankrupt organisation is not a good deal.
Does it make any difference which bank they are in if "something goes wrong". We are covered by the 100,000 euro guarantee. If the worst was to happen A) The govt was to raid deposits or B) Ireland was forced out of Euro,money in foreign owned banks registered in Ireland such as Rabo or NR., wouldnt deposits be affected in the same way as BoI or AIB
Does it make any difference which bank they are in if "something goes wrong". We are covered by the 100,000 euro guarantee. If the worst was to happen A) The govt was to raid deposits or B) Ireland was forced out of Euro,money in foreign owned banks registered in Ireland such as Rabo or NR., wouldnt deposits be affected in the same way as BoI or AIB
It does make a difference as to where you deposits are if the irish state or Irish banks default in the future.
Hi Ciaran, In what way does it make a difference or is it that deposits held in Ulster Bank, Rabo, Nationwide Uk are covered by the British Gurantee?
do you see other banks putting up rates in there fixed terms savings accounts
Very good points, which is why I have very little money left in Ireland. I don't think the government would be able to stand up to even a €100,000 guarantee, and if deposits were confiscated or exchanged into a new currency then it is not certain what would happen with deposits on foreign owned banks within the country. There have been comments on other threads where people have asked Rabo to confirm what would happen in such a scenario, and they were unable to say for sure.
If the currency was in sterling that would be good for savers as sterling is very strong at present.
sterling is very weak at present , the euro is very strong although it has slipped a bit in the last week thought not against sterling or the dollar
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