Post Office savings

[Coldicote]

I am considering opening a Post Office savings account but note the P.O. booklet shows several accounts are provided by the Bank of Ireland. It wasn't so long ago we were hearing about Ireland being 'bailed out' financially. I don't know anything about the Bank of Ireland or high finance. Can someone please enlighten me about it being a 'safe haven'.

[factor-fiction]

Last time I checked you would actually have MORE protection than with a UK bank
http://www.theanswerb.../Question1063305.html

[spudqueen]

It is now the Bank of Ireland UK, but your money is safe.
http://www.postoffice...tion-schemes#72400292

[Coldicote]

Thank you factor and spudqueen for your answers. I feel better about it now. The 'Bank of Ireland UK' presumably means Northern Ireland.

[dzug2]

No - the Bank of Ireland UK is a UK registered subsidiary of the regular Bank of Ireland. It's been set up so that (some) savers get the protection of the UK scheme

[Coldicote]

Thanks dzug2. The more one understands of these things the better.