It's your money :: What level of protection is there for my deposits?

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What level of protection is there for my deposits?

Following announcements from the Minister for Finance on the 20 September 2008 (relating to the deposit protection scheme), and on the 24 October and 5 November 2008 (relating to the government guarantee scheme) - we understand the levels of protection in place are as set out below.

Irish Government Bank Guarantee Scheme - Irish Government guarantees all deposits
Name of institution		Regulator
Allied Irish Banks plc (AIB)		Financial Regulator
Anglo Irish Bank Corp.		Financial Regulator
Bank of Ireland (The Governor and Company of Bank of Ireland)		Financial Regulator
EBS Building Society		Financial Regulator
ICS Building Society (also trades as The Mortgage Store)		Financial Regulator
Irish Life & Permanent plc (Permanenttsb)		Financial Regulator
Irish Nationwide Building Society		Financial Regulator
Postbank Ireland Limited		Financial Regulator
What about other desposit-taking institutions?
Credit Unions	Financial Regulator	Irish Deposit Protection Scheme – 100% of deposits up to max. €100,000 Full details here
Post Office Savings Bank Note: See Postbank above.	State body	Irish Government guarantees all deposits
Banks covered by the Irish Deposit Protection Scheme (max. €100,000)
ACC Bank plc	Financial Regulator	Irish Deposit Protection Scheme – 100% of deposits up to max. €100,000 Full details here
Bank of Scotland (Ireland) Limited t/a Halifax	Financial Regulator	Irish Deposit Protection Scheme – 100% of deposits up to max. €100,000 Full details here
Danske t/a National Irish Bank	The Danish Financial Regulator	Danish scheme covers up to Kr300,000 or approx. €40,000. Irish Deposit Protection Scheme covers the balance up to max. €100,000. Full details here In addition, National Irish Bank's parent, Danske, is now covered by a Danish Government Guarantee Scheme. National Irish Bank deposit customers are 100% covered by the Danish Government Guarantee Scheme for the next two years.
First Active plc	Financial Regulator	Irish Deposit Protection Scheme – 100% of deposits up to max. €100,000 Full details here
KBC Bank Ireland plc (formerly IIB Bank plc)	Financial Regulator	Irish Deposit Protection Scheme – 100% of deposits up to max. €100,000 Full details here
Pfizer International Bank Europe	Financial Regulator	Irish Deposit Protection Scheme – 100% of deposits up to max. €100,000 Full details here
Ulster Bank Ireland Limited	Financial Regulator	Irish Deposit Protection Scheme – 100% of deposits up to max. €100,000 Full details here
There are other banks in the Irish Deposit Protection Scheme. You can get a full list of them in section 1 of the list of authorised credit institutions
Banks covered by schemes in other countries
Investec Bank plc	The UK FSA	Financial Services Compensation Scheme www.fscs.org.uk 100% of the first £50,000 per person.
Leeds Building Society	The UK FSA	Financial Services Compensation Scheme www.fscs.org.uk 100% of the first £50,000 per person.
Nationwide Building Society	The UK FSA	Financial Services Compensation Scheme www.fscs.org.uk 100% of the first £50,000 per person.
Northern Rock	The UK FSA	Deposits held with Northern Rock are guaranteed by the Bank of England and HM Treasury.
RaboDirect	The Dutch Central Bank	Dutch Deposit Guarantee Scheme http://www.dnb.nl/openboek/extern/id/en/all/41-117052.html 100% of the first €100,000 per person. This applies from 7 October 2008.

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