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Would you put over £85k in a bank account for a weekend?
Comments
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We've got £300k-ish with one, £10k-ish with another and nothing with anything else.
Ensure that it's a large bank and go from there, IMO is the best rule.
CK💙💛 💔0 -
I would keep it in my sock drawer, all weekend, I would. And I would count it and photograph it and put it on Facebook so everyone knew xxxx0
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recoverydust wrote: »I would keep it in my sock drawer, all weekend, I would. And I would count it and photograph it and put it on Facebook so everyone knew xxxx
...and pray the house doesn't burn down
Warning ..... I'm a peri-menopausal axe-wielding maniac
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The banks are shut over the weekend so I can't imagine the financial system coming to a crash on a Sunday anyway.0
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CKhalvashi wrote: »We've got £300k-ish with one, £10k-ish with another and nothing with anything else.
Ensure that it's a large bank and go from there, IMO is the best rule.
CK
I agree with this, I can't be bothered splitting it up into chunks, I don't think the fscs protection really adds any real additional protection for a large uk retail bank - if one of them goes down either it will be bailed out or the savings business transferred to another bank (bradford and bingley, northern rock, RBS) or the whole system will collapse and you'll be fighting your neighbours over tinned food in the street. £85k limit is more relevant for smaller institutions which might be allowed to fail, or uk branches of foreign banks.0 -
The banks are shut over the weekend so I can't imagine the financial system coming to a crash on a Sunday anyway.
It doesn't work that way. IF (and I mean IF, it's not a prediction) a bank is in trouble they don't 'crash' on a Sunday. They just fail to open up on a Monday morning. This is what nearly happened to RBS before Alaistair Darling effectively nationalised it over a weekend.
Reminds me of motoring analogy: A Rolls Royce motor car never "breaks down". But (in the words of its handbook) it may "fail to proceed".0 -
A far more sensible option would be to buy 200,000 Lottery tickets on the Friday (or 100,000 Euro Million tickets) and see what happens :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0
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