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Current British Bank safety
kemsing
Posts: 5 Forumite
Hargreaves Lansdown have just launched a high (ish) rate deposit facility for SIPP and ISA clients. Its with Bank of Scotland which is part of HBOS and offers 6% for 3mo, 5.75% for 6mo and 5.5% for 1yr.
How confident would you be saving with HBOS? The amount is over the £50000 guarantee. Am I worrying needlessly?
Thanks!
How confident would you be saving with HBOS? The amount is over the £50000 guarantee. Am I worrying needlessly?
Thanks!
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Comments
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I thought H-L spread its cash round a variety of banks?
Even so, HBoS is about to get taken over by Lloyds and partially nationalised, so I wouldn't worry too much, even though IMHO it's not wise to exceed the guarantee.
It's anyway not sensible to leave pension money in cash for long..Trying to keep it simple...
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sorry, wrong button pressed!0
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