Changes to deposit protection rules are on the way

A new EU directive has implications for savers with temporary high balances

In early April 2009, just days before the late Brian Lenihan jnr delivered an emergency budget, a survey was published on Irish attitudes to savings.

The survey - conducted on behalf of the now defunct Postbank - revealed that deposit security was the prime concern of Irish savers. In an era of austerity budgets and global economic maelstrom, savers wanted to know that their cash was safe and protected in the event of a ...