Summary of Deposit Guarantees in Ireland

We understand the following protection is in place with the following institutions: This is the latest information on the level of guarantee or protection for money held in Irish financial institutions or those operating in Ireland. Updated in March 2013 Post Office Savings Bank; . Irish Government guarantees all deposits with no end date Under […]
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Northern Rock Ireland Transfer to PTSB

We wrote about the planned transfer of Northern Rock’s Irish accounts to Permanent TSB  back in September. The approval for the transfer was given in November – and all Northern Rock Ireland’s customers will have their savings accounts automatically taken over by Permanent TSB from January 3rd 2012. Northern Rock Ireland customers do not need […]
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Northern Rock Ireland to be Sold to PTSB

Permanent TSB  has entered into an agreement to take over the accounts of  Northern Rock Ireland (NRI)  Northern Rock Ireland savings accounts are currently about €650 million –  representing less than 5pc of Northern Rock’s total retail deposits . The sale to Permanent TSBb is expected to be completed by the end of the year […]
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UK Savings Guarantee to Rise to €100,000

UK deposits are currently guaranteed up to £50,000  if a bank or building society goes bust – but this amount will be raised to the Sterling equivalent of €100,000 Euro  from January 2011 The UK Financial Services Compensation Scheme has announced that the protection limit for savers will increase from £50,000 to the sterling equivalent […]
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Northern Rock has too much Money

Northern Rock has been forced to withdraw some of its savings products after worried savers flooded it with money. Northern Rock was forced to act after the inflow of savings threatened to breach its commitment to not hold more than 1.5% of all UK deposits. It blamed “recent turbulence in financial markets” for the decision […]
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