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Saving in the Post Office

paperwork · 2011-04-01 20:23:26

So I don't really care about the bank bailouts, I'm already lower class, I've never had savings in a bank, there is nothing for me to inherit and the only issue I have with the banks is a credit card bill that isn't going anywhere anytime soon. But I do have some savings in the post office... how would that be affected by…

01-04-2011 8:23pm

#1

paperwork

Registered Users, Registered Users 2 Posts: 146 ✭✭

Join Date: March 2009

Posts: 126

So I don't really care about the bank bailouts, I'm already lower class, I've never had savings in a bank, there is nothing for me to inherit and the only issue I have with the banks is a credit card bill that isn't going anywhere anytime soon.

But I do have some savings in the post office... how would that be affected by the banks crashing?

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#2 01-04-2011 8:26pm

hmmm

Registered Users, Registered Users 2 Posts: 11,205 ✭✭✭✭

Join Date: March 2001

Posts: 11072

The banks won't "crash".

If Ireland defaults you'll be dependent on the Irish government repaying your money. So you'll be in the same boat as bank depositors.

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