From IceSave To The Post Office???

innovate

1882 wrote: »

100% guarantee from the Irish Government so not too shabby!

People should do their research before jumping into another passport scheme, which applies to the Post Office. I also believe that the 100% guarantee is currently only until September 2010.

The Post Office going bust might not be very likely right now, Ireland going bust might be even more unlikely right now. I wouldn't discard it entirely, though. None of my savings are going into the Post Office.

shindigger

Joe65 wrote: »

As it's the UK Taxpayer that'll be bailing out your defaulted ISA, tThe Treasurys going to have to borrow an awful lot after this debacle - perhaps think of them before handing it all over to another foreign power offering guarantees.

You're 100% sure about that are you Joe?
If you bank with HBOS or RBS i'd say the chances are greater that you will have received a bail out already, and just not know it.

This demonising of uk savers has taught me plenty, in a short time about the true nature of people. And how that nature will manifest and amplify itself as we continue down this path to financial oblivion.

Take cover people.

Fill_7

innovate wrote: »

People should do their research before jumping into another passport scheme, which applies to the Post Office. I also believe that the 100% guarantee is currently only until September 2010.

The Post Office going bust might not be very likely right now, Ireland going bust might be even more unlikely right now. I wouldn't discard it entirely, though. None of my savings are going into the Post Office.

hi innovate,

not clued up on all this, but surely a 100% guarantee from the bank of ireland is better than a £50k guarantee from the fsa? if i had over £50k to invest, i know where it would be going till sept 2010. surely a 100% guarantee from the irish government is well, 100%?!


all this is irrelevant to the OP's post as the PO cash isa is provided by family investments, NOT bank of ireland!

Baldur

Fill_7 wrote: »

all this is irrelevant to the OP's post as the PO cash isa is provided by family investments, NOT bank of ireland!

No it's not - that's the Post Office's Investment ISA (as the name Family Investments suggests).

See http://www.postoffice.co.uk/portal/po/content1?catId=82300737&mediaId=82300741#51300279

Are Post Office deposits safeguarded by the Irish Government? The Irish government has given a guarantee in relation to all Post Office deposits, including new deposits, held by Bank of Ireland. This lasts until 29 September 2010 and covers the following savings products:

Post Office® Growth Bond
Post Office® Fiveyear Saver
Post Office® Guaranteed Equity Bond
Post Office® Cash ISA
Post Office® Instant Saver
Post Office® Travel Money Card
Post Office® Christmas Club

For further information, please visit the Irish Financial Regulator's website at www.itsyourmoney.ie.