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Savings in Anglo

sammalone · 2011-02-09 19:10:41

Hello all, can anyone tell me what's happening with Anglo at the moment? I've 20k locked away with them for 12 months which isn't due to mature til November. I read in the paper that they are winding up the bank and that deposits will be transferred to other institutions. Will my money still be locked away for the same…

09-02-2011 7:10pm

#1

sammalone

Registered Users, Registered Users 2 Posts: 110 ✭✭

Join Date: March 2008

Posts: 71

Hello all, can anyone tell me what's happening with Anglo at the moment? I've 20k locked away with them for 12 months which isn't due to mature til November. I read in the paper that they are winding up the bank and that deposits will be transferred to other institutions. Will my money still be locked away for the same term with the same rate or what?

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Comments

#2 09-02-2011 7:23pm

Kennie1

Registered Users, Registered Users 2 Posts: 302 ✭✭

Join Date: February 2010

Posts: 297

Yes your money will be locked up until the maturity date. You should not worry about this though as whoever takes it over will have to honor the original agreement that you have.

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#3 10-02-2011 1:23pm

sammalone

Registered Users, Registered Users 2 Posts: 110 ✭✭

Join Date: March 2008

Posts: 71

Thanks Kennie1 - just what I was hoping would be the case

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