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post office savings...not safe now? time to bail?
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Its a pity, but I've taken out money after the ITV News article
My wife has also taken out some out. Both by telephone (after a long wait)
We'd put it in The Post Office not for a great interest rate but 'cos we thought it was safe and guaranteed by the Government!!
Turns out it is'nt - but the Bank of Ireland
Where is safe?0 -
Are you sure the ISA is anything to do with Ireland?I only opened the post office isa just over a month ago. There's only £100 in it but I can't afford to lose that. Is it really feasible though, that Ireland will go bust?
The Post Office sells- National Savings & Investments
- Bank of Ireland
- Family Assurance
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Are you sure the ISA is anything to do with Ireland?
The Post Office sells- National Savings & Investments
- Bank of Ireland
- Family Assurance
The ISA's are - as we had one each, me and wife, and started the process of transfering the money out about ten days ago.A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
[quote=:(_not_sure_if_they_can_do_a_CHAPS_transfer_as_it_would_be_quicker_than_BACS,_even_if_it_costs_me_£20-£25._;)[/quote]
Although they told me the BACS would take up to 5 days, it only took 2 from when they received my letter asking for it to be closed.0 -
Cheque landed this morning, now to find a safe place to invest it ??I came in to this world with nothing and I've still got most of it left. :rolleyes:0
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bo_drinker wrote: »Cheque landed this morning, now to find a safe place to invest it ??
That is quick.
Said on paperwork it could take 'up to 30 days' and I thought if lots were pulling out they may be busier and so could take longer. Good news and I hope you have left enough cash in their coffers for my cheque:D
A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
bo_drinker wrote: »Cheque landed this morning, now to find a safe place to invest it ??
Anglo Irish ?0 -
That is quick.
Said on paperwork it could take 'up to 30 days' and I thought if lots were pulling out they may be busier and so could take longer. Good news and I hope you have left enough cash in their coffers for my cheque:D
O H wrote a letter requesting to close the account and they must have sent it by return. :TI came in to this world with nothing and I've still got most of it left. :rolleyes:0 -
When I closed my Post Office so called Instant Saver account, it took 12 days for the cheque to reach me.
Not my idea of instant access!0 -
any ideas on who to use instead?0
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