Irish Nationwide - Closure?

[settlement]

So I have some savings in the instant access account with irish nationwide. Given the recent talk of closing down, would I be advised to take the money out?

 

[SoylentGreen]

I took that decision months ago and did the same with Anglo yesterday. Had enough even though my money was probably safe.

 

[Lightning]

So I have some savings in the instant access account with irish nationwide. Given the recent talk of closing down, would I be advised to take the money out?

Your money in your instant access account is state guaranteed until September 29th 2010, 100,000 EUR beyond that date.

No decision has been made to close INBS yet.

 

[settlement]

Your money in your instant access account is state guaranteed until September 29th 2010, 100,000 EUR beyond that date.

No decision has been made to close INBS yet.

Thanks for the info.

Just curious, in the event of it closing down, would I just get a cheque from the state or cash or what?

 

[huskerdu]

If INBS did close, there would very likely be an time period of maybe 3 to 6 months for closing accounts, like is currently happening with Halifax.

 

[Lightning]

or the significant INBS deposits will be sold to another bank.