The maximum overall limit for Post Office Savings Bank (POSB) Deposit Accounts is €250,000 per individual customer. For non-individuals, the maximum overall limit is €5,000,000. The limits shall apply to the combined amounts deposited in the POSB Deposit Account and credited to the account of a depositor at any time irrespective of the number of deposits made from time to time. The limits will apply to deposits made in joint names by the depositors. Amounts deposited in joint accounts shall be divided equally among the depositors, with the aggregate limits applied on individual basis across all accounts. If you have deposited funds in the POSB Deposit Account to an amount greater than €250,000 before 13 July 2019 you will not be required to reduce your savings. However no further amounts may be deposited into this account. After 13 July 2019, if you try to lodge funds to a POSB Deposit Account in excess of the prevailing limits, the funds will be returned to you. For maturing Fixed Term Products with a value greater than €250,000, you may deposit up to the maximum overall limit of €250,000 into a POSB Deposit Account. The balance of funds may be invested in other State Savings Products