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bigfreddiel
Posts: 4,263 Forumite
You shouldn't have more than £50k with any one institution if you want financial protection.
So what do lottery winners do then? Do they open 20 accounts or more depending on their winnings? After all there are over 2000 lottery millionaires now.
Just curious!
fj
So what do lottery winners do then? Do they open 20 accounts or more depending on their winnings? After all there are over 2000 lottery millionaires now.
Just curious!
fj
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Comments
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Take a risk (which bank's going to be allowed to collapse with the loss of saver's money?).
Diversify in to shares, property and other forms of investment.
Spend some.
There's more than the lcoal high street bank to look after your money.0 -
opinions4u wrote: »There's more than the lcoal high street bank to look after your money.
So a non-local non-high street bank is safer then?
Could suggest any? Coutts springs to mind - good enough for the Queen, then its good enough for me!
And no - I haven't won the lottery!
cheers
fj0 -
At least the barstewards would be in the Tower for treason, rather than walking away with a bl00dy great pension, as in Fred the Shred!bigfreddiel wrote: »Coutts springs to mind - good enough for the Queen, then its good enough for me!
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bigfreddiel wrote: »So a non-local non-high street bank is safer then?
Could suggest any? Coutts springs to mind - good enough for the Queen, then its good enough for me!
And no - I haven't won the lottery!
cheers
fj
Coutts is part of RBS. We don't need to tell you how safe RBS were a couple of years ago?
Don't judge a book by it's cover
Everything that is supposed to be in heaven is already here on earth.
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