JohnRoss Posted October 14, 2011 Share Posted October 14, 2011 The French President declared on 13 October 2008 that "The government will not let any French bank fail"A figure of 70,000 euros was quoted as the maximum amount that an individual saver could have in a French bank account for 100% protection. Has anyone seen recent figures for La Poste bank and how good is the guarantee thought to be?...................JR Link to comment Share on other sites More sharing options...
Salty Sam Posted October 14, 2011 Share Posted October 14, 2011 I feel the only way you'll find out how good the guarantee really is, will be if your bank actually fails!La Poste looks healthy enough from this, http://www.laposte.com/Everything-about-La-Poste/Press-releases/Latest-articles/2011-press-releases/La-Banque-Postale-s-2010-Results .Within UK banking, the guarantee has worked but I think your priority is to ensure investments held in any bank do not exceed the maximum likely to be paid in the event of collapse. Don't keep all your eggs in one basket so to speak!There is a Directive on Deposit Guarantee Schemes within the EU which could be interpreted as being an extra guarantee of your cash being safe, possibly! Link to comment Share on other sites More sharing options...
andyh4 Posted October 14, 2011 Share Posted October 14, 2011 At the end of the day, your savings up to the guarantee level are as safe as the tax payers abilty to pay any losses.In other words most of us are our own insurance against loss. Link to comment Share on other sites More sharing options...
Pommier Posted October 14, 2011 Share Posted October 14, 2011 I believe that money is guaranteed up to €100.000 per customer, not €70.000 Link to comment Share on other sites More sharing options...
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