luludoodie
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UK reply.
Split up into £35,000 slices.
Also be careful you don't inadvertently ruin the protection as some organisations share the same banking license and therefore you only get one lot of protection. For example RBS, Saga, Birmingham Midshires are all on the same license so only 1 x £35k between all of them is protected!!!!!! |
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Jason
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People are not going to stop buying food. Your money is safe with Sainsbury's / Tesco's / etc. |
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S C
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I agree, split is as best you can. |
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TIbbs
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Yes. Especially after today's news about that bank that's gone bust. Cant remember its name. |
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spring_rainbows
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Sainsburys is pretty safe, it's backed by its retail shops and other business so isn't likely to slump anytime soon. Supermarkets will alsways be needed and big supermarkets will not ever really go broke, if they did then another will come and take over, like Safeway and Morrisons!! |
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cdabexx
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I would say to go ahead and split it for now. Six isnt too many to keep track of as long as you dont lose anything or too much when you take it out. Mine is all in stock, so I would lose too much if I took it out now. But in a savings type account, it shouldnt matter unless you have a penalty to take it out. If there is a total collapse of the world economy, it might not matter what we do. I think we are just on a rough road for awhile, hang in there and dont worry, we have done this before. Spend less than you make and dont go too far in debt. |
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AdelleStevens
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If you do decide to split it up then make sure you have it in different banks.
The Halifax is part of Royal bank of Scotland so if you were to put £35,000 in each...you can only make a claim once from the parent company ie:- the royal bank of scotland and NOT on both accounts. |
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sweetnessround2
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the way things are i would DEFINATELY split it up in different accounts. 35'000 per bank x |
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james f
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Put it in Northern Rock as I believe the government has secured all savings in it not just the first 35k and its almost a national bank now anyway. |
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HOBSON BEAR
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PUT IT UNDER THE BED |
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mdp
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No more then $100,000 in eack account that is all the FDC will cover so yes, if you have more split them up |
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bails
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I cant see sainsbury's going bust can you. What if you put some of your money into barclays and then they went bust? Chill out |
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iaak
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me personally if i had that kinda cash id try my luck on forex with a few grand if you dont understand it open a demo account if you would consider for one sec the risk you are taking with that money in sainsburies its worth taking 5-15k out and risking your luck at forex you could easily triple your money in a few days if you have well mapped out course of action |
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