INBS deposit - what should I do?

[rollo28]

Hi all,

I'm just looking for a quick bit of advice on the above.

Following on from the news that INBS' deposit book will be sold off, do you think I should take my deposit out of the society and move it to a foreign bank?

Many thanks,

Rollo28

 

[Lightning]

Yes. There are better safer options for your deposits that pay equally good returns.

 

[Bigmc]

Agree with Ciaran, Im closeing my accounts as they mature

 

[Mia_c]

THe interest on my account with INBS is not due til october, is there a risk with leaving the deposit there until the interest is due or should I cut my losses and move it somewhere else?

 

[theresa1]

Keep it with INBS - it will be moved shortly anyway to BOI,AIB,EBS - basically another home -cant back this up but in a way it's the safest money around. Banks have been bidding for this money.