Post Office Savings NOT Protected anymore

alared

http://www.telegraph.co.uk/finance/personalfinance/savings/4347782/No-UK-safety-net-for-Post-Office-savers.html

gozomark

not true - they are protected, but its by the Irish Government, rather than FSCS

bristolleedsfan

alared wrote: »

http://www.telegraph.co.uk/finance/personalfinance/savings/4347782/No-UK-safety-net-for-Post-Office-savers.html

http://forums.moneysavingexpert.com/showthread.html?t=1443067

tomandkath

Why has this come as a surprise? Surely we knew this since September?

nzseries1

old news, and main headline of thread not true.

luvpump

As someone who correctly predicted the demise of the icelandic banks, albeit just a week befor they went under, my advice is to get your money out of irish Banks...NOW !!!! .... Give it 6 months & ireland will be in a similar position to Iceland ...& I doubt the Government will bail depositors a second time, as they did for Icesave.
http://news.bbc.co.uk/1/hi/programmes/moneybox/7652519.stm

Dont believe the Bull xxxT you will hear from the Banks themselves..or indeed one or two other posters on MSE, I will repeat myself...get your money out NOW !! You have been warned !!

gozomark

my advice is to get your money out of UK Banks...NOW !!!! .... Give it 6 months & UK will be in a similar position to Iceland

Dont believe the Bull xxxT you will hear from the Banks themselves..or indeed one or two other posters on MSE, I will repeat myself...get your money out NOW !! You have been warned

melbury

This is all makes really scary reading, I want positive comments and reassurance please, not all of this negative stuff.

luvpump

melbury wrote: »

This is all makes really scary reading, I want positive comments and reassurance please, not all of this negative stuff.

I managed to get my savings out of Kaupthing, but not icesave as it was a Fixed rate Bond, my comments may seem a little alarmist, but I lost a day of my life worrying about loseing a 4 figure sum, until Darling said he would stand behind u.k depositors, All i can say is that if i had money In an irish bank I would get it out, for peace of mind at the very least !! ...

http://forums.moneysavingexpert.com/showthread.html?t=1441575

The Irish Economy is in for a REALLY tough time !!

gozomark

so's the UK economy...

gozomark

a discussion about whether the Irish or the UK economy is in better shape is like a debate on who has more hair - Duncan Goodhew or Matt Lucas - one probably has more hair, but its barely measurable (and its not where its visible).....