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Am worried about my Bank deposits

  • 13-04-2013 12:35pm
    #1
    6541
    Registered Users, Registered Users 2 Posts: 1,970 ✭✭✭


    Folks I am worried about my Irish Bank deposits, what would you recommend to do with 100K, I just want it safe !!! Thanks in advance.


Comments

  • #2
    petersburg2002
    Closed Accounts Posts: 346 ✭✭petersburg2002


    6541 wrote: »
    Folks I am worried about my Irish Bank deposits, what would you recommend to do with 100K, I just want it safe !!! Thanks in advance.

    Don't think you should be too worried. Irish banks are better capitalised than many of their UK and European counterparts. Bank of Ireland are probably in the best shape of all the Irish banks and will be offering banking facilities at all UK Post Offices over the next year. But if you want a foreign bank, perhaps KBC or Danske Bank are worth looking at. Irish State Savings wouldn't be too risky either. AIB looks like a dead man walking though.


  • #3
    delux
    Registered Users, Registered Users 2 Posts: 153 ✭✭delux


    An post


  • #4
    6541
    Registered Users, Registered Users 2 Posts: 1,970 ✭✭✭6541


    Thanks guys, but rumours abound that we could end up in a Cyprus suituation. Where deposits are up for grabs by the government.


  • #5
    Solair
    Closed Accounts Posts: 7,230 ✭✭✭Solair


    Probably worth spreading your risk between several institutions rather than having deposits over €100k


  • #6
    Hootanany
    Registered Users, Registered Users 2 Posts: 5,477 ✭✭✭Hootanany


    Will the Government grab some of the state savings:mad:
    What about Business accounts are they far game as well.


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  • #7
    petersburg2002
    Closed Accounts Posts: 346 ✭✭petersburg2002


    6541 wrote: »
    Thanks guys, but rumours abound that we could end up in a Cyprus suituation. Where deposits are up for grabs by the government.

    The EU have admitted it was a major error to even contemplate touching savers with less than 100k. It hasn't happened (even in Cyprus). And I doubt it will happen, otherwise there will be zero confidence in any bank.


  • #8
    Hootanany
    Registered Users, Registered Users 2 Posts: 5,477 ✭✭✭Hootanany


    Yes but they contemplated it.


  • #9
    Sonnenblumen
    Registered Users, Registered Users 2 Posts: 5,834 ✭✭✭Sonnenblumen


    Hootanany wrote: »
    Will the Government grab some of the state savings:mad:
    What about Business accounts are they far game as well.

    An easy Target nr # 1 on the basis of deposits > € 100k and businesses are not voters:(


  • #10
    RATM
    Closed Accounts Posts: 3,591 ✭✭✭RATM


    Well since there now appears to be a further €16bn hole in the banks balance sheets due to forthcoming distressed mortgages having their losses crystallised the OP is right to be worried.

    I would doubt the Irish government would go take a dip from deposits, I think they know the roasting they'd get for it. Still though at a minimum I reckon you should split the money between more than one account.


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