MSE News: 'Better protection' still won't safeguard Christmas savings cash 24 July 2012 at 9:12AM in Savings & investments 2 replies 1.5K views

Former_MSE_Helen

"Cash in a Christmas savings scheme still isn't safe if the club goes bust, despite authorities outlining more protection..."

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'Better protection' still won't safeguard Christmas savings cash

Aaron

Don't mess about with your savings. Don't give it to the fat-cat-owned savings clubs. Put it in your Credit Union. Keep your savings local and owned by you. http://findyourcreditunion.co.uk/

jillybaby

I agree with Aaron. Great post and link. As Martin says Credit Unions are a safe home for your savings (up to £85,000!).
Local collection points, friendly volunteers manning the collection points, and a range of savings and loan products, including special schemes for Christmas Clubs. You can save a modest amount every week or month, build up your savings and if you do have a financial crisis you have the option of apply for a loan at a very low interest rate. Let's beat the doorstep lenders.