ulster bank - safer than irish banks?

C

ctlsleh

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As Ulster bank is owned by RBS, which is owned by the english taxpayer, is it safer to have deposits and current account with them rather than with AIB/BOI for example?
thinking of moving everything over to them......any advice welcome.
thanks
Eoin
 
Well, based on previous threads,including a post from ciaranT,moderator, I started putting money in Ulster Bank and ,yes, it is considered "safer" than any irish bank. Mind you, who can tell what'll happen to U.K. ?

The general consensus (though I don't know how informed this consensus is) is that German banks are safer still - several threads on this; seems a bit of a hassle.
Also, I can't find a German bank that gives as good an interest rate as Ulster, though would love to be advised on this.
 
thinking of moving everything over to them......any advice welcome.
Click to expand...
Why not use a few different banks. NationwideUK have a good rating as has Rabo.
 
I would be of the opinion that no banks are 'safe' at the moment.

For example, German banks are exposed to a lot of Irish bad debt, and the UK are engaging in quantitative easing which personally I think is a risky tactic long term.

The alternatives (commodities, dividend paying 'stable' companies, etc.) also have their risks.

Personally I have my money in Keytrade Belgium but would prefer to have it outside the EU, perhaps Norway.

NIB and Rabo are probably quite safe.
 
Which guarantee does UB operate under?

Some debate at work about this...Can someonme clarify which guarantee UB operates under? i.e. UK or Irish? Thanks.
 
UFC is right - since I posted above I read in last weeks Economist that many Germans banks are greatly exposed and don't have great reserves. So that's Germany out. Scandinavia here we come....
 
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