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Safest place for Savings
steve_IOW
Posts: 42 Forumite
After reading about the NR panic, and people enquiring about how much compensation they will get if a Banks/Building Society goes Bust.
I believe the Safest place is National Savings, as its states 100% of your money is guaranteed by the Goverment.
I hope I'm correct on this, I'm sure somebody will post a correction if I'm wrong.
I believe the Safest place is National Savings, as its states 100% of your money is guaranteed by the Goverment.
I hope I'm correct on this, I'm sure somebody will post a correction if I'm wrong.
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Comments
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Or just don't put more than £2000 in any one bank.
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Deleted_User wrote: »Or just don't put more than £2000 in any one bank.
Why £2000?0 -
That's the level at which you get 100% compensation by the FSA, I believeWhy £2000?I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0
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