Heads up - Those with savings in the Anglo Irish Bank or the Post Office

[expat]

What happended to National Savings accounts? At one time they were the only ones available from the Post Office. Does the above imply that National Savings got shifted to Anglo Irish, or am I jumping to the wrong conclusion?

At one time, long long ago, the Post Office offered savings accounts.
Then later (still a long time ago) the Department for National Savings (a UK Govt Department) ran the accounts, which were still handled via the Post Office (or by post, or at the DNS HQ).
Then later DNS became NSandI (National Savings and Investments), and it still is, and still offers a savings account.

Meanwhile, the Post Office started offering current accounts, which are operated by AIB.

No connection, except historically the Post Office as a retail outlet.

[TykeMerc]

At one time, long long ago, the Post Office offered savings accounts.
Then later (still a long time ago) the Department for National Savings (a UK Govt Department) ran the accounts, which were still handled via the Post Office (or by post, or at the DNS HQ).
Then later DNS became NSandI (National Savings and Investments), and it still is, and still offers a savings account.

Meanwhile, the Post Office started offering current accounts, which are operated by AIB.

No connection, except historically the Post Office as a retail outlet.

Thanks for that clarification I hadn't followed the complexities of the Post Office's banking operations and didn't know (also CBA to Google) that Post Office retail banking was an AIB product.

[expat]

Thanks for that clarification I hadn't followed the complexities of the Post Office's banking operations and didn't know (also CBA to Google) that Post Office retail banking was an AIB product.

I don't really know anything about the PO/AIB accounts, but I can tell you that the DNS savings account has had some damn fine programming go into it

[AlfredJPruffock]

So.

Who will collapse first - Ireland or Pruffock ?

Your bets please ...

[BrilloPad]

So.

Who will collapse first - Ireland or Pruffock ?

Your bets please ...

Spain

HTH

[AlfredJPruffock]

Spain

HTH

Shoorla shumante mishtaqo amigo ?

[NoddY]

AIB = Allied Irish Banks

AIB is nothing to do with Anglo Irish Bank. Anglo is regarded in Ireland as a 'developers bank' with a small High Street presence. AIB is a major retail bank with branches in every town - ditto the Bank of Ireland (BOI). BOI offers retail products at the British Post Office. Despite its name BOI is not a central bank either the "Central Bank" is!

Anyway, my advice is to convert money to whiskey, cigs and tinned beans before Ireland, the UK, the US and Spain go belly up.