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Large Savers

Just out of interest, how do you think those with huge amounts of cash (millions) keep their savings safe?

Most of use shuffle around a £35K limit if we are cautious but it could be difficult (albeit a nice problem) if you had loads of cash.

Mark

Comments

  • turbobob
    turbobob Posts: 1,500 Forumite
    I think most people with that kind of money wouldn't keep it all in cash savings, where it loses its value over time.
  • Milarky
    Milarky Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    I would imagine re-insurance (for, say 0.5% pa) is an option?
    .....under construction.... COVID is a [discontinued] scam
  • stolt
    stolt Posts: 2,865 Forumite
    probably pay a room full of people to protect them, so they enjoy there time jaunting all over the world in private jets and boats.
    Listen to what people say, but watch what people what people do!!
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    They will have it in property or something. Like own retail parks and millions of houses to let kinda thing, I would assume so anyway.
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