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ISA Savings with Bank of Cyprus UK
sheipr
Posts: 1 Newbie
What should I do? Article in Dec 2011 states bank is applying for Registration with FSA but as of today I cannot find them as being registed. Is bank safe if Greece defaults and leaves the Euro as most of Cyprus is Greek and many businesses therefore owned by Greeks. Is Cyprus part of EU as stand alone country ,or just as part of Greece? My ISA is fixed rate, therefore I would lose interest but this would be preferable to losing total cash.
0
Comments
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Is Cyprus part of EU as stand alone country ,or just as part of Greece?
Yes - Wiki
Your ISA is currently protected by the Cypriot Deposit Protection Scheme and is nothing to do with the Greeks.
Only you can decide if the peace of mind of an UK protected bank is worth forfeiting 180 days of interest that it'll cost you to transfer your ISA early....Making Money :cheesy:
Even if it's not your fault, it's your responsibility.0
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