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Treasury Reserve (Money Markets) - is it SAFE???

bartsimpson
bartsimpson Posts: 745 Forumite
in Savings & investments
I have some money in the treasury reserve, also known as money markets, renewed on a monthly basis.

With the current financial climate and yesterday's events, I am getting worried about the safety of this money.

Can anyone put my mind at rest? Does anyone have the same issue?

Thanks

Comments

  • pressuredrop_2
    pressuredrop_2 Posts: 311 Forumite
    Treasury Reserve? That a fancy name for a fixed-term deposit?
  • dunstonh
    dunstonh Posts: 121,292 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Treasury Reserve? That a fancy name for a fixed-term deposit?

    Yes. These are fixed term deposits with rates set based on what can be obtained under the money markets.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • bartsimpson
    bartsimpson Posts: 745 Forumite
    dunstonh wrote: »
    Yes. These are fixed term deposits with rates set based on what can be obtained under the money markets.

    so they are pretty safe then?
  • dunstonh
    dunstonh Posts: 121,292 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    As safe as the bank that issued them.

    However, just to make sure, is this a fixed term deposit with rate set based on the money markets or is it a money markets unit trust fund (or other tax wrapper)?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • bartsimpson
    bartsimpson Posts: 745 Forumite
    the former.
This discussion has been closed.
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