If £ 35k in savings is the max. compensation amount guaranteed by the FSA

RayWolfe

Jonbvn wrote: »

A lot of the comments left by readers state that they believe this was a political move?

A lot of Americans think they have been abducted by aliens ... but, I suspect it's not true.

macgyver

I also have more than 35K in my ICICI account.
I was thinking of opening up another account in my wife`s name and transferring some money there so that each account has less than 33000

Would both the accounts be protected eventhough they are from the same home but in different names.

Thanks

Steve_xx

macgyver wrote: »

I also have more than 35K in my ICICI account.
I was thinking of opening up another account in my wife`s name and transferring some money there so that each account has less than 33000

Would both the accounts be protected eventhough they are from the same home but in different names.

Thanks

Yes, both would be protected upto 35k each, regardless of address.