Safer to put savings into account with mortgage provider?

[mrsg09]

Quick question, I am concerned about my family's savings with the scare regarding the euro.

We have a very big mortgage, over 400k with NIB
We have 6k savings with Ptsb
25k investments with Zurich

I haven't put our savings into the mortgage as we have a tracker at +.59%

I'm terrified our savings will disappear after listening to current affairs shows in the radio

Would I be better off putting our savings in an account with nib so that if something does happen that it can be taken into account against the loan?

Thank you in advance

 

[44brendan]

Your savings are not going to disappear. The Gov Bank guarantee will guarantee savings up to a limit of 100K. Worst case scenario is a departure from the Euro with those countries reverting to a separate currency (Punt Nua or Euro light). Ireland is by no means the most likely country to take this step and a lot of bridges will need to be crossed before this happens. Your savings are safe with all reputable Irish financial institutions.