Ireland remove bank deposit guarantee.

dkmax_2

fonesolo wrote: »

So the original article on Yahoo is badly written? As i was reading it, I'm thinking the guarantee below 100k is being removed

Ah, I see the confusion results from the original Reuters piece which says;

The removal of the guarantee will not impact the vast majority of bank customers because deposits over 100,000 euros are covered by a separate guarantee which has been in operation in Ireland since 1995.

This is very obviously wrong and they meant to say under. It would be a bizarre protection scheme indeed that only offered protection above a certain level, especially without protecting anything below.

fonesolo

dkmax wrote: »

Have you actually read any of the replies above ? The bank deposit guarantee in Ireland has reverted back to the same levels as they are in the UK. There's nothing to see here.

Yeah I've seen the replies above but not until after I posted a reply to Marathonic, the first reply I saw & responded to. In meantime whilst I'm responding, the other replies get posted, which I don't see until I posted my reply. So give me a chance dkmax. I've read the rest of the replies, & what they say makes sense to me. Thank you to everyone that responded.

fonesolo

innovate wrote: »

I don't know what article you read, but you can rest assured that the DGS continues to apply to depositors with irish banks.

http://www.centralbank.ie/paycurr/paysys/dgs/Pages/about.aspx

Cheers Innovate, but being considered a newbie, I'm not allowed to post the link here. Looking at other replies, some have found it. And what you guys are saying makes it a lot clearer than what the author wrote. Panic over.