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building/soc or bank
pistunbroke
Posts: 63 Forumite
i have around 50k to invest, just wondering is halifax a safe option now its on verge of a takeover as i fancied the 1yr bond which does not tie money up for to long any advice please
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Comments
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The government is backing the banks, so if it's a UK bank you have little to fear. As for Halifax, their 7% for 6 months Fixed Web Saver account might do the job for you.0
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Yes.
One effect of the government's policy towards savers is to almost discourate them from looking under the bonnet of any financial institution.
"Your money's safe" thanks to government. No personal responsibility for your savings choice is needed.
The message is amost: - "carry on playing the MSE/Best Buy tables/Chase the top rates game as you were before the crisis" .
It will help the weaker institutions survive, but it doesn't direct money towards the strong.
But saving as many of the banks we've got left is HMG's priority at the moment - and that may well be the right approach.0
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