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Go above the FSCS limit in Halifax/Bank Of Scotland?
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NumbersGuy_2
Posts: 64 Forumite
Do you think it is unwise to go over the FSCS limit in Bank of Scotland/Halifax?
They are British and taking government cash, but is it just not worth the risk that the government might not cover anything above the FSCS limit for HBOS (or fail to rescue it)? Seems unlikely it would fail, but what with people almost losing money in Icesave do you think it's better to be cautious.
The reason I ask is that they have some good fixed rate deals (including a 3 month deal at Halifax) and it looks like interest rates are going to go even lower.
They are British and taking government cash, but is it just not worth the risk that the government might not cover anything above the FSCS limit for HBOS (or fail to rescue it)? Seems unlikely it would fail, but what with people almost losing money in Icesave do you think it's better to be cautious.
The reason I ask is that they have some good fixed rate deals (including a 3 month deal at Halifax) and it looks like interest rates are going to go even lower.
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Comments
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Personally I would stick to the limit regardless of what is happening in Icesave or elsewhere0
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