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MSE News: Savings safety clarity rules tightened
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Former_MSE_Dan
Posts: 1,593 Forumite
This is the discussion thread for the following MSE News Story:
"Banks will have to display much clearer information to savers about how their money is protected from next January, under rules announced today by the Financial Services Authority (FSA).
The UK's Financial Services Compensation Scheme (FSCS) guarantees ..."
"Banks will have to display much clearer information to savers about how their money is protected from next January, under rules announced today by the Financial Services Authority (FSA).
The UK's Financial Services Compensation Scheme (FSCS) guarantees ..."
Read the full story:
Savings safety clarity rules tightened
Savings safety clarity rules tightened
Former MSE team member
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Comments
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But when are they going to increase the limit from £50,000. This will start being a problem for many people in a year or two when they have reached 50K in their cash ISA.0
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But when are they going to increase the limit from £50,000. This will start being a problem for many people in a year or two when they have reached 50K in their cash ISA.
This is a problem already solved as you don't have to hold it all in 1 Cash ISA.
Example: If you have a (an?) HSBC ISA with 52k, you can just walk into Nationwide and say you want to just transfer 2k out into a new ISAOriginally Posted by Dr Cuckoo3
Your bank and bank card does say something about the kind of person you are: Big 4 banks=sheep;),Santander=someone who doesnt mind incompetence:p,COOP=Ethical views,a campaigner:cool:,First Direct/Coventry=someone who thinks they are better than others:o,NI Bank card when living on the mainland=Aspergers
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This is a problem already solved as you don't have to hold it all in 1 Cash ISA.
Example: If you have a (an?) HSBC ISA with 52k, you can just walk into Nationwide and say you want to just transfer 2k out into a new ISA
yep but its a pain to have ISAs in multiple accounts especially when you are trying to chase the best rates as well. Its bad enough for standard savings accounts but soon it will be for ISAs as well.0
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