Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Is it safe
marra
Posts: 4 Newbie
Is it still unsafe to invest more than 50k in one savings account considering no one lost out in the demise of falling banks going bust 0
Comments
-
Safety is relative. A lot of UK institutions are unlikely to go under. Some are more safe than others.
The crux is if it all goes to rats, then you WILL only be covered for £50k per. So it's up to you. Safe? Relatively.
Starting Debt: ~£20,000 01/01/2009. DFD: 20/11/2009 :j
Do something amazing. GIVE BLOOD.0 -
I wouldn't, personally. Why take the risk? There are so many accounts out there you have no need to put all your eggs in one basket0
-
I wouldnt either, but as I have said in other threads, its up to each persons individual attitude to risk. I need to sleep at night and am a real worrier. Worried myself silly over Bradford and Bingley a couple of years ago OK came good but the crystal ball would have been handy. Things are still very delicate I feel0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards