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
savings in a Spanish bank
Juneb_3
Posts: 1 Newbie
I currently have my savings in a spanish bank. Is this a good idea in the present climate or is it best to have a UK savings account?
If the Spanish bank collapses is my savings covered like the UK arrangements up to £85k?
If the Spanish bank collapses is my savings covered like the UK arrangements up to £85k?
0
Comments
-
Depends if those savings are in Spain
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Assuming you mean they are in Spain you will be covered be the Spanish scheme up to 100,000 Euros.0
-
The main problem would be the exchange rate I guess
Euro was rising for a long time but not for a few years now0
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