Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Best place for Euro savings...offshore?

Options
  • 11-03-2012 10:56am
    #1
    rinnin
    Registered Users Posts: 179 ✭✭


    I'm an Irish Ex-pat living in the UK for the past 3 years. My life savings were at home in a nice interest earning Savings account with An Post. Over Christmas my brother (who works in the banking business) was suggesting that with the recession, bailouts and whole Greek situation there was a risk of the Euro going back to the Punt which would immediately devalue my savings.
    He suggested I take out my savings and lodge it into a Euro account here in the UK. I've setup the account but havent lodged my draft yet and just wanted to see what the consensus was here about the risk of this happening back home?
    (My savings are nowhere near the Deposit Guarantee Limit of €100000)
    Many thanks in advance
    R
    Tagged:


Comments

  • Options
    #2
    rinnin
    Registered Users Posts: 179 ✭✭rinnin


    In case anyone is following this - I took the advice and took money out of the State Savings. One of the biggest financial mistakes I've ever made. Put it back in a few months later but they drastically reduced the savings rate. :(


Advertisement