IT HAS EMERGED that the humble post office has been one of the major winners of the ongoing financial crisis – as savers move their money out of the banks and into the hands of An Post.
Reports this morning showed that post offices had taken in over €5.5bn in new savings between 2008 and 2010, with customers unwilling to leave their cash in Irish banks despite the government guarantee.
Deposits in Irish banks were already guaranteed up to the value of €100,000, before 2008′s bank guarantee scheme ensured that all deposits in Irish banks were backed by the government.
Nonetheless, Ireland’s banks are still losing more and more deposits, so today we’re simply wondering: have you moved your cash out of Irish banks?
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