Tuesday September 30
17:57
B&B&Bust
From the BBC:
Mr Cable said depositors should not panic because their money would be guaranteed by the government under the Financial Services Compensation Scheme. The first £35,000 of savers’ money in each banking group is protected under the scheme.
I never thought of myself as a good saver, but I have a heck more than that in my high interest bank account (paid tax free since I don’t live in the UK). I never had much concern before that a bank could fail and take my money with it but having so much in the one place is now beginning to look a little scary. Should I spread it into 35,000 chunks with different banks?
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Panasonic DMC-G1
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