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Joint savings are they included 50/50?
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tanith
Posts: 8,091 Forumite
I asked this question on the 'Are my savings safe ' Thread but no response...
could someone tell me what would happen in this circumstance... I have several acc's with one bank... ie savings and current acc and ISA in my own name and similarly in joint names (not the ISA I hasten to add) with my husband. How would they calculate things in the event of my bank going under... I guess the whole of the savings in my name and half of the savings in joint names? Would that be the likelyhood? If so I need to move some....
could someone tell me what would happen in this circumstance... I have several acc's with one bank... ie savings and current acc and ISA in my own name and similarly in joint names (not the ISA I hasten to add) with my husband. How would they calculate things in the event of my bank going under... I guess the whole of the savings in my name and half of the savings in joint names? Would that be the likelyhood? If so I need to move some....
#6 of the SKI-ers Club :j
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
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could someone tell me what would happen in this circumstance... I have several acc's with one bank... ie savings and current acc and ISA in my own name and similarly in joint names (not the ISA I hasten to add) with my husband. How would they calculate things in the event of my bank going under... I guess the whole of the savings in my name and half of the savings in joint names? Would that be the likelyhood? If so I need to move some....
See HERE, especially the 2nd & 3rd bullet pointed paragraphs - 'The limit's doubled in a joint account' & 'The protection is per institution not per account'0 -
tanith,
FAQ1 here gives the FSCS position.Imprudent granting of credit is bound to prove just as ruinous to a bank as to any other merchant.
(Ludwig von Mises)0
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