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Dublin: 13 °C Sunday 15 September, 2019
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Poll: Have you taken your money out of Ireland's banks?

An Post is gaining a bigger share of Ireland’s savings market as savers move their money from banks. Have you?

The humble post office has been taking in more savings as people take their cash from banks.
The humble post office has been taking in more savings as people take their cash from banks.
Image: Eamonn Farrell/Photocall Ireland

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?


Poll Results:

Not yet, but I'm considering it (564)
No (495)
Yes (356)



Read: An Post benefits from the troubles in Ireland’s banks >

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About the author:

Gavan Reilly

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