Irish Deposit Guarantee Scheme Post Office

Daneel

So if I hold less than £50k in a Post Office savings account, I can consider my cash safe even if Ireland falls off a cliff financially?

Stompa

Daneel wrote: »

So if I hold less than £50k in a Post Office savings account, I can consider my cash safe even if Ireland falls off a cliff financially?

Yes:

http://www.postoffice.co.uk/portal/po/content1?catId=19300232&mediaId=92400749#74400311

KingKenny

Daneel wrote: »

So if I hold less than £50k in a Post Office savings account, I can consider my cash safe even if Ireland falls off a cliff financially?

http://www.!!!!!!.uk/post-office-savers-to-receive-uk-protection-under-fsa/

However, under the Irish Deposit Guarantee Scheme the first £89,000 of savings were protected.

Post Office savers with over £50,000 of savings will still receive an additional guarantee under the Irish scheme until the end of the year.

You can put up to £85k in the post office accounts and recieve full protection?

Mr_K

KingKenny wrote: »

http://www.!!!!!!.uk/post-office-savers-to-receive-uk-protection-under-fsa/

However, under the Irish Deposit Guarantee Scheme the first £89,000 of savings were protected.

Post Office savers with over £50,000 of savings will still receive an additional guarantee under the Irish scheme until the end of the year.

You can put up to £85k in the post office accounts and recieve full protection?

Think you'll only get the £89k protection if you had an account with them before 1st November. If you joined since them you'll just have the 50k protection. Guess this is to make sure no one is in a worse position. Bit academic really with the increased protection for everyone from the 1st Jan.

KingKenny

Mr_K wrote: »

Think you'll only get the £89k protection if you had an account with them before 1st November. If you joined since them you'll just have the 50k protection. Guess this is to make sure no one is in a worse position. Bit academic really with the increased protection for everyone from the 1st Jan.

Pretty sure everyone gets it, just inconvienient if Ireland goes tits up and we all have to wait months for our savings back?