PTSB 21 Day Notice Accounts

[Jimme]

Hi,

Suppose I have 20,000 euro in a PTSB 21 day notice investment account and 20,000 euro in a PTSB 21 day notice savings account. My total savings is 40,000. Therefore, if something happened this bank I risk loosing around 18,000 euro.

Is it worth the risk of waiting 21 days and then withdrawing the money from one of these accounts. Or should I just withdraw 20,000 immediately and put up with the fees and penalties which I would incur for early withdrawal?

I’m not really panicking yet, but a lot can happen in 21 days (3 weeks). Thanks.

 

[LDFerguson]

Or should I just withdraw 20,000 immediately and put up with the fees and penalties which I would incur for early withdrawal?

Only if you believe that Permanent TSB is likely to collapse in the next three weeks. Personally, I would consider that unlikely as there has been no evidence to date that they have any funding issues, or even rumours or speculation to that effect.