FSCS raise limit to £50k

Oblivion

Baldur wrote: »

Click on your username (coloured blue) at the top left of your above post - this will bring up a pop-up menu, the third item down will be "Find More Posts by megw3", click that and you will be taken to a page/several pages showing your posts and the threads in which you have posted.

Alternatively if your not viewing one of your own posts and therefore cannot see your username to click on, go to the green menu bar near the top of the page and click on User CP.

This will take you into your personal 'account page' and show a menu allowing you to view all the threads you are subscibed to. Whilst your in User CP, you can also set up or alter your 'signature', and another useful facility is that you can turn on emails (Edit Options) so that you receive an email from MSE every time someone adds to a thread you have subscribed to. The email will have a link in it taking you straight back to that thread.

Dave.

ad44downey

Fella wrote: »

As I've pointed out before, this is crap. If it were true then Brown would be on TV right now boasting about how "he'd" made everyone's savings safe. The fact that he point blank refuses to do so is all the proof you need.

If you disagree then give a rational explanation for why Brown isn't doing that?

You cannot, because none exists.

Actions speak louder than words.

How many savers in n rock or B&B lost any money? None

So why would you possibly suggest savers in other institutions would either? Have you any evidence to suggest otherwise? You're either just blatant scaremongering or very feeble minded.

Stavros_3

ad44downey wrote: »

So why would you possibly suggest savers in other institutions would either? Have you any evidence to suggest otherwise? You're either just blatant scaremongering or very feeble minded.

Fella

ad44downey wrote: »

Actions speak louder than words.

How many savers in n rock or B&B lost any money? None

So why would you possibly suggest savers in other institutions would either? Have you any evidence to suggest otherwise? You're either just blatant scaremongering or very feeble minded.

Lol, I had you pegged as someone with a vague clue but I obviously overestimated you.

I see you conveniently didn't answer my question regarding why G Brown et al wouldn't be trumpeting a 100% guarantee from the rooftops if one existed? Until you can answer that you have nothing to say.

I suggest you stop attempting to ramp bank shares by giving people bad advice regarding the risks they may be subject to.

setmefree

I know howz about Me SetMeFree run the banking Industry, I will promise to Pay the Tax Bearer all of his/hers hard earned tax money back by seizing all the assets from the fat cats..
:rotfl::rotfl::rotfl::rotfl:

Oblivion

setmefree wrote: »

I will promise to Pay the Tax Bearer all of his/hers hard earned tax money back by seizing all the assets from the fat cats.

You leave my fat cat's assets alone or I'll send him round to leave a furball on your carpet!

Dave.

Nigel82

Oblivion wrote: »

The two parties to a joint account will be assumed to have a 50:50 share of the deposits (unless otherwise stated) ... so you will each have £50k cover on that account, bringing total cover to £100k.

At the minute we have a joint and two personal accounts - will the £50K apply to all accounts i.e. 50% share of joint plus the personal account, or does will it just apply to one account?

Stavros_3

Irrespective of how many accounts you have with one bank, you have between you 100k of protection from Tuesday

Oblivion

Stavros wrote: »

Irrespective of how many accounts you have with one bank, you have between you 100k of protection from Tuesday

It might be worth clarifying that Stavros by saying you have UP TO £100k protection between you.

Look at this scenario ...
Husband and wife have a joint account with £20k in it, so they are deemed to have £10k each. :kisses3:
Husband has personal account with £100k in it.
Wife has personal account with £15k in it. :wave:
These three accounts are all with the same bank.

If the bank fails, the FSCS will pay out a maximum of £50k of EACH persons holdings. So....

Husband gets half of joint account = £10k plus only £40k of his personal account, so he gets his full £50k guarantee back, but loses £60k.

The wife however gets her half of the joint account = £10k plus all of her personal account £15k, so she gets all of her £25k back, and loses nothing.

In total, they have received a guarantee payout of £75k, not the full £100k because of the way the account balances were separately owned. _pale_ :doh:

Dave.

cvd

I see you conveniently didn't answer my question regarding why G Brown et al wouldn't be trumpeting a 100% guarantee from the rooftops if one existed?

Because if there was a complete financial collapse of several banks, Brown could not honour it.

Of course, the Irish government could not honour their guarantee if there was a financial collapse in Ireland.
So the evidence seems to be that it is better for governments to lie.

PS I have more than £35000 (indeed more than £50,000) in more than one UK institution and I am not worried at all. On the other hand, I would be really worried if I had several million in an Irish bank or some UK banks.