We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Anglo Irish Bank

245678

Comments

  • masonic
    masonic Posts: 27,671 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Baldur wrote: »
    It's not the case for fixed term deposits, whether Icesave or any other defaulting institution - FAQ 8 http://www.fscs.org.uk/consumer/FAQs/Deposit_claims_FAQs/
    ...when compensation is paid by the FSCS. :p
  • Baldur
    Baldur Posts: 6,565 Forumite
    masonic wrote: »
    ...when compensation is paid by the FSCS. :p
    The quote was from the FSCS and relating to a statement regarding the FSCS....:p
  • masonic
    masonic Posts: 27,671 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Baldur wrote: »
    The quote was from the FSCS and relating to a statement regarding the FSCS....:p
    True, but what the FSCS covers is a little off-topic for this thread. I wouldn't want anyone being misled that your statement would apply to Anglo-Irish, since it is covered by a different scheme.
  • Steve_xx
    Steve_xx Posts: 6,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    cos69 wrote: »
    Are they, I thought they were outside the FSCS scheme !
    They are regulated by the UK FSCS.
  • gozomark
    gozomark Posts: 2,069 Forumite
    regulated yes, but not for deposit protection, as the Irish deposit protection is 100%
  • Steve_xx
    Steve_xx Posts: 6,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    gozomark wrote: »
    regulated yes, but not for deposit protection, as the Irish deposit protection is 100%
    The only real safeguard is the fact that the UK government has not, to date, allowed any UK depositors money not to be repaid.
  • gozomark
    gozomark Posts: 2,069 Forumite
    thats not so much a safeguard, as a "fingers crossed, hope for the best"...... (as is all deposit protection)
  • cos69
    cos69 Posts: 413 Forumite
    Steve_xx wrote: »
    The only real safeguard is the fact that the UK government has not, to date, allowed any UK depositors money not to be repaid.

    Not true - look at UK depositers who had savings in the Isle of Man with Icesave and Kaupthing Edge, did they get all their money back ?
    "How could I have been so mistaken as to trust the experts" - John F Kennedy 1962
  • Steve_xx
    Steve_xx Posts: 6,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    cos69 wrote: »
    Not true - look at UK depositers who had savings in the Isle of Man with Icesave and Kaupthing Edge, did they get all their money back ?
    The Isle of Man is not part of the UK, nor is it a member of the EEC, but it enjoys some of the benefits of EEC membership via its UK crown dependency status. The Ise of Man ofshoots of Icesave and Kaupthing were not regulated by the FSCS, whereas Anglo Irish Bank is.
  • gozomark
    gozomark Posts: 2,069 Forumite
    Steve - in that case you mean depositors in the UK banking system, not UK depositors
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.8K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture