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I was going to put a wee bit with them myself but the red tape (ID etc. etc.) seemed even more onerous than usual so I never bothered.
1. Their 5% rate is not far off the market lead on large deposits, and has no notice time for withdrawals
2. They are the safest bank in the world.
What % of people do you think are concerned about their banks stability? Quite a small percentage I'd have said.
Maybe those savvy enough have gone to the market leader, rather than settle for 'not far off'.
Plenty of people do recommend them regularly around here.I was wondering why more people on this board are not recommending that large lump sums automatically go to NR's online account?
I haven't seen anything to say that it is a reasonable concern.
If you took Northern Rock out of the equation (i.e. it doesn't exist, or doesn't have the BOE backing), would you still be reasonably concerned about putting the money into any of the major Irish banks, or Rabodirect? What would you do with a large lumpsum in that case?
Also don't forget that the Irish government has bailed out a major Irish bank in the past - maybe they'd do it again?
Well personally I don`t want to even consider `maybe` with my hard earned cash if I don`t have to.Also don't forget that the Irish government has bailed out a major Irish bank in the past - maybe they'd do it again?
Have you seen today's papers?
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