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How safe is interest?
FOSSELFOOL
Posts: 1 Newbie
I have savings which I have limited to £35,000 in a couple of banks. The interest is paid annually, not monthly. In the `unlikely` event of these banks collapsing before the maturing date, would I receive the interest accumulated to that date or no interest at all? Both banks are covered by the FSA.
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FOSSELFOOL wrote: »I have savings which I have limited to £35,000 in a couple of banks. The interest is paid annually, not monthly. In the `unlikely` event of these banks collapsing before the maturing date, would I receive the interest accumulated to that date or no interest at all? Both banks are covered by the FSA.
As an Icesave ISA holder I would very much like to know this as well0
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