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

deposit guarantee scheme

  • 17-10-2018 4:49am
    #1
    Josh2015
    Registered Users Posts: 43 ✭


    How wise is it to have funds in excess of the €100k deposit guarantee scheme deposited in Ulster bank?


Comments

  • #2
    JTMan
    Registered Users, Registered Users 2 Posts: 5,541 ✭✭✭JTMan


    The risk, right now, would seem low.

    However, why take the risk? What is stopping you from opening a second bank account with second financial institution?


  • #3
    Josh2015
    Registered Users Posts: 43 ✭Josh2015


    I earn ecb plus 2.25% so won't get this anywhere else.


    quote="JTMan;108370764"]The risk, right now, would seem low.

    However, why take the risk? What is stopping you from opening a second bank account with second financial institution?[/quote]


  • #4
    frankythefish
    Closed Accounts Posts: 339 ✭✭frankythefish


    I d say you be fine I would have other bank account(s) simply opened with other bank(s)though as backup in case the worst happened and you needed to move money v quickly
    Josh2015 wrote: »
    I earn ecb plus 2.25% so won't get this anywhere else.


    quote="JTMan;108370764"]The risk, right now, would seem low.

    However, why take the risk? What is stopping you from opening a second bank account with second financial institution?
    [/quote]


  • #5
    coylemj
    Registered Users, Registered Users 2 Posts: 25,479 ✭✭✭✭coylemj


    Josh2015 wrote: »
    I earn ecb plus 2.25% so won't get this anywhere else.

    What kind of account do you have?


  • #6
    JTMan
    Registered Users, Registered Users 2 Posts: 5,541 ✭✭✭JTMan


    Josh2015 wrote: »
    I earn ecb plus 2.25% so won't get this anywhere else.

    Really? There is no current or legacy Ulster Bank savings product (legacy products are on their website too) that pays that.


  • Advertisement
Advertisement