Next week (28th March ) the Eligible Liabilities Guarantee is ending – this is the one that covers most deposits over €100,000. We wrote about the possible ending of this guarantee back in Nov 2012 The Dept of Finance said that the ELG will end for all new liabilities (deposits) from midnight on the […]
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PTSB
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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Slow Progress on PPI Investigations
Payment Protection Insurance Review Back in October 2012 – seven Irish financial institutions were instructed by the Central Bank to undertake a review of all their PPI sales made since July 2007. Only 6 companies were named – they were Bank of Ireland, Allied Irish Bank, EBS, GE Money, Ulster Bank and Permanent TSB. All […]
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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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Irish Deposits Guarantee – a History
Are My Savings in Ireland Guaranteed? (Updated Dec 4th 2011 ) A potted history of Irish Banking Guarantees First of all we had the Irish Deposit Guarantee Scheme (DGS), which covered the first €20,000 per person in all the financial institutions that are authorised by the Irish Financial Services Regulatory Authority to operate in Ireland. […]
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