How many subscribers here are over the FSA guaranteed savings limit?

Primrose

Just wondered how many people on here have savings in one institution over the guaranteed FSA compensation limit?
And do they feel reasonably comfortable about it in the current climate?

purch

Yes and Yes

missile

same here, yes and yes

converse

And Thrice Yes!!

Many times over, I'm not remotely concerned at all, would rather have a decent sum in one or two good accounts, rather than numerous accounts with the FSA limit in, and who's ever lost any money in the UK? People are far too paranoid. :j
Feel utterly comfortable and warm inside when I look at the balances and interest

LittleVoice

Currently have more than £35K in 2 building societies (Norwich & Peterborough and Nottingham). Though funds will be moving soon this will be for interest rate reasons not feelings of security.

nilrem_2

I am over the guaranteed amount at several institutions, I have been for years and it has never worried me at all TBH, I just do not see how the government would allow a UK bank/BS go under if it meant savers losing their cash, if that happened the mass rush by savers to withdraw their cash from other institutions would cause total chaos, panic and anarchy, IMHO it won't happen.

Wolf_Man

Yes & No!, I am not comfortable with the money unsecured. If you had asked me this a few months ago, the answer would have been different.....

isofa

nilrem wrote: »

I am over the guaranteed amount at several institutions, I have been for years and it has never worried me at all TBH, I just do not see how the government would allow a UK bank/BS go under if it meant savers losing their cash, if that happened the mass rush by savers to withdraw their cash from other institutions would cause total chaos, panic and anarchy, IMHO it won't happen.

Another "yes" vote from me.

Most sensible thing I've read in ages nilrem, and exactly my thoughts.

Stop worrying and grab the good rates! :beer:

dunstonh

Yes and yes. The FSCS limits dont bother me one bit.

Fella

No.

And No. Although the chance is small it does exist. If I wanted an investment with risk attached I wouldn't be putting that money in cash in the first place.

Careful_with_that_Axe

Yes and unsure. I keep a close eye on things and would be tempted to move anything in excess of the £35k somewhere else if I became uncomfortable.