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Post Office savers moved to British compensation scheme

Out goes Ireland’s savings deposit guarantee. In comes the UK’s £50,000 limit Savers with accounts at the Post Office will from November come under the UK Financial Services Compensation Scheme following widespread concerns about its tie-up with the Bank of Ireland. Until now, savers with accounts at the Post Office, including Instant Saver and Reward Saver, have been dependent on the Irish …

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