We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
fund security
meethachandran
Posts: 53 Forumite
I was buying a home and it was turned down by the seller in the last minute. I do have a 40K deposit.
I do have the deposit in my bank account (some in current and some in ISA). is it safe to keep all the funds in one bank?
I have now spilt the funds in to 2 and put the half in my husbands bank.
is it safe to leave the money in the banks? I am looking for another house but dont know how long it will take?
I do have the deposit in my bank account (some in current and some in ISA). is it safe to keep all the funds in one bank?
I have now spilt the funds in to 2 and put the half in my husbands bank.
is it safe to leave the money in the banks? I am looking for another house but dont know how long it will take?
0
Comments
-
40,000 is below the 85,500 compensation limit so it's fine. Maybe you could keep it in a easy access acount, they pay 3% until you need the money.0
-
thanks for the response0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards