No need to panic at all. This has been discussed at length time and time again on the site. Just do a search.
Hi, total novice here. So it looks like AIB will be nationalised. What does this mean for account holders? I've got money in the bank and am worried about what might happen. I know the guarantee is there but am I better off moving this money elsewhere? And if so, why?
Thanks
may add the state will now control your personel accounts too.....Yeah, it looks like AIB will be 100% nationalised this week.
It means that AIB are increasingly tied to the state. They are dependent on the solvency of the state for capital.
You are better off moving your money elsewhere beacuse (1) you can get a better rate of return elsewhere and (2) you can have your deposits in a bank with a higher credit rating and less/no dependency on the Irish state.
What accounts do you have with AIB? What rate of interest are you been paid?
Yeah, it looks like AIB will be 100% nationalised this week.
It means that AIB are increasingly tied to the state. They are dependent on the solvency of the state for capital.
You are better off moving your money elsewhere beacuse (1) you can get a better rate of return elsewhere and (2) you can have your deposits in a bank with a higher credit rating and less/no dependency on the Irish state.
What accounts do you have with AIB? What rate of interest are you been paid?
Is Ulster Bank in good form with no dependency on the state?
Kai.
Any recommendations?