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is anglo the best place to put savings

  • 30-07-2010 1:02pm
    #1
    irishh_bob
    Closed Accounts Posts: 5,700 ✭✭✭


    from checking out all the financial institutions online , it seems anglo pay the highest interest on the largest deposits , my question is this , are anglo as safe as any other bank at the moment i.e BOI , AIB etc


Comments

  • #2
    RoadKillTs
    Closed Accounts Posts: 1,710 ✭✭✭RoadKillTs


    I've savings with Anglo. Completely safe and a really good rate.

    They are part of the ELG Scheme.


  • #3
    WildBoots
    Closed Accounts Posts: 337 ✭✭WildBoots


    irishh_bob wrote: »
    from checking out all the financial institutions online , it seems anglo pay the highest interest on the largest deposits , my question is this , are anglo as safe as any other bank at the moment i.e BOI , AIB etc

    Yes, Anglo are as safe as the rest of them. The question you need to ask yourself is whether the actual currency is safe.


  • #4
    colsku
    Registered Users, Registered Users 2 Posts: 301 ✭✭colsku


    WildBoots wrote: »
    Yes, Anglo are as safe as the rest of them. The question you need to ask yourself is whether the actual currency is safe.

    In my opinion the real question is one of ethics. I would not support a bank which acted so unbelievably rotten over the last few years. Sean Fitz should be jailed like the crook he is.


  • #5
    Idu
    Registered Users, Registered Users 2 Posts: 1,152 ✭✭✭Idu


    colsku wrote: »
    In my opinion the real question is one of ethics. I would not support a bank which acted so unbelievably rotten over the last few years. Sean Fitz should be jailed like the crook he is.

    For what crime exactly?


  • #6
    turbobaby
    Closed Accounts Posts: 927 ✭✭✭turbobaby


    Idu wrote: »
    For what crime exactly?

    Fraud


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  • #7
    irishh_bob
    Closed Accounts Posts: 5,700 ✭✭✭irishh_bob


    WildBoots wrote: »
    Yes, Anglo are as safe as the rest of them. The question you need to ask yourself is whether the actual currency is safe.

    in that sense , even sticking a few quid somewhere like rabbo direct may not be safe as houses :confused:


  • #8
    Idu
    Registered Users, Registered Users 2 Posts: 1,152 ✭✭✭Idu


    turbobaby wrote: »
    Fraud

    Morally fraudulant and legally fraudulant are not the same thing. he exploited loopholes in the system. Everyone does the same albeit to a lesser degree. In my opinion there's a very slim chance of him ever being brought to court over anything, unless it's a kangaroo court of public opinion


  • #9
    colsku
    Registered Users, Registered Users 2 Posts: 301 ✭✭colsku


    Idu wrote: »
    Morally fraudulant and legally fraudulant are not the same thing. he exploited loopholes in the system. Everyone does the same albeit to a lesser degree. In my opinion there's a very slim chance of him ever being brought to court over anything, unless it's a kangaroo court of public opinion

    Agreed.


  • #10
    Raskolnikov
    Registered Users, Registered Users 2 Posts: 10,148 ✭✭✭✭Raskolnikov


    colsku wrote: »
    I would not support a bank which acted so unbelievably rotten over the last few years.
    Senior management have been cleared out and the bank is now nationalized. It's the safest bank in Ireland.


  • #11
    digme
    Closed Accounts Posts: 4,584 ✭✭✭digme


    Why your even using banks after what happened this country is beyond me. You can't bitch and moan if you keep giving the banks a loan of your hard earned currency.


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  • #12
    colsku
    Registered Users, Registered Users 2 Posts: 301 ✭✭colsku


    digme wrote: »
    Why your even using banks after what happened this country is beyond me. You can't bitch and moan if you keep giving the banks a loan of your hard earned currency.

    I don't use an Irish bank account!


  • #13
    pocketdooz
    Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭pocketdooz


    digme wrote: »
    Why your even using banks after what happened this country is beyond me. You can't bitch and moan if you keep giving the banks a loan of your hard earned currency.

    What in the name of God are you talking about ?


  • #14
    digme
    Closed Accounts Posts: 4,584 ✭✭✭digme


    Anglo owes us billions of euros,where have you been hiding?


  • #15
    delllat
    Closed Accounts Posts: 1,388 ✭✭✭delllat


    digme wrote: »
    Anglo owes us billions of euros,where have you been hiding?

    ask em for it back :)


  • #16
    hmmm
    Registered Users, Registered Users 2 Posts: 11,205 ✭✭✭✭hmmm


    digme wrote: »
    Anglo owes us billions of euros,where have you been hiding?
    And bringing down the bank is going to get our money back how?


  • #17
    dudara
    Registered Users, Registered Users 2 Posts: 33,518 ✭✭✭✭dudara


    UpAgainToday You've had numerous comments deleted by moderators - please take heed or you will face a ban or infraction.

    dudara


  • #18
    UpAgainToday
    Closed Accounts Posts: 113 ✭✭UpAgainToday


    dudara wrote: »
    UpAgainToday You've had numerous comments deleted by moderators - please take heed or you will face a ban or infraction.

    dudara

    I asked what fraud occured in Anglo since in my opinion I do not see where the fraud was so I was asking the poster what the fraud was and was hoping the poster would explain to me why they think fraud occured - I just presumed the purpose of a forum was where people can share ideas and discuss them and in this case I was hoping someone would explain to me why they believe Anglo was part of a fraud - valid question


  • #19
    turbobaby
    Closed Accounts Posts: 927 ✭✭✭turbobaby


    we'll leave that to the Gardai and DPP to determine. You seem to have some sort of superiority complex and I cannot see any evidence of why you should feel superior to the other posters on this forum. I'd prefer if you'd leave.


  • #20
    UpAgainToday
    Closed Accounts Posts: 113 ✭✭UpAgainToday


    turbobaby wrote: »
    we'll leave that to the Gardai and DPP to determine. You seem to have some sort of superiority complex and I cannot see any evidence of why you should feel superior to the other posters on this forum. I'd prefer if you'd leave.

    I dont have any form of superiority complex at all I just find it funny how a lot of people claim fraud occured and when you ask them they cant explain it but if someone asked me all I would say is - Anglo aggressively expanded its loan books in hindsight with too much exposure to take market share from the other established banks and in the process bad decisions were made.....thats all I am saying and thats why I would like someone who advocates that fraud occured to give me their reasons for thinking that - the only reason you want me to leave is cause im not a typical Irish person here agreeing with everything everyone says, sorry about that but this is finance


  • #21
    turbobaby
    Closed Accounts Posts: 927 ✭✭✭turbobaby


    UpAgainToday wrote: »
    I dont have any form of superiority complex at all I just find it funny how a lot of people claim fraud occured and when you ask them they cant explain it but if someone asked me all I would say is - Anglo aggressively expanded its loan books in hindsight with too much exposure to take market share from the other established banks and in the process bad decisions were made.....thats all I am saying and thats why I would like someone who advocates that fraud occured to give me their reasons for thinking that - the only reason you want me to leave is cause im not a typical Irish person here agreeing with everything everyone says, sorry about that but this is finance

    The behaviour of Anglo's management was fraudulent (whether they can be convicted of fraud under miserable Irish legislation is another point.) I prefer to not limit my opinion of corporations on whether the legislation of this country is good enough to stop these fraudsters from behaving in such a way.

    Unreported loans to directors, unreported loans to friends to prop up the share price, unreported loans received to prop up the balance sheet. I don't care where you are from Mr UpAgainToday, this behaviour is simply unacceptable, just as it is unacceptable for serial criminals to be walking the streets as free men.


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