If access to my deposits at Anglo are unaffected by the transfer then when Anglo closes its doors do I have to go into the receiving banks branch to get access to my money or would it be through an Anglo branch (if they remain open)
I wonder are Ulster,Rabo,Northern Rock a possibility
There's a get-out clause on this?Given that IN/Anglo rates are generally higher than everyone else's you would be getting a lower rate.
Yes say it's a fixed term they will honour it until maturity but say it's a premium demand a/c with Anglo for example the following day after taking over the Deposits they could lower the interest rate.
It’s like the Hotel Rwanda but instead of blood thirsty Hutus, you have the beleaguered Department of Finance whose intent isn’t to “chop the cockroaches” but to “burn the bondholders”. But first they needed the Blue Helmets (in our case represented by Granny Ni Houlihan’s life savings on deposit in Anglo) to leave before it becomes a free-fire zone. And perhaps as soon as next week, Granny Ni Houlihan’s deposits will have been transferred out of Anglo following the decision last week to auction off the deposit books of Anglo and INBS.
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