answerer
|
The investors probably would - the customers money is guaranteed up to £35,000.
So long as your savings are less than this you're fine. |
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Geoff the skier
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No - investors are protected up to £35,000 per bank. Can no one spell lose on this site? |
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Answer
 |
Yeah, if you pull it out she might still get prignant! |
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Mickey Mouse Spears
 |
I would think that the UK would have the same protections in place for it's citizens as the U.S. does, if not better. In the U.S., the money is backed by the FDIC, up to $100,000 (equal to about 56,220.84 pounds). |
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DIXIE
 |
In UK the first £35000 in each bank is protected BUT you could have more invested in what you think are unrelated banks that they treat as one bank.
It is very very difficult to find separate banks to invest in and even if you do at a stroke they can merge into one and you can't stop it. |
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Jack Sprat
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I think investors yes but customers if that happened to me i'd hunt them down |
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john h
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Investors are now protected up to £ 50,000, the Bank of England will not let a bank crash as the effect it would have over here would be calamitous. The only bank that went down was BCCI and that was thought it might have dirty money in it.
There are not any British banks that carry huge investment port folios such as Lehman Brothers |
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ree19732007
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yes u will lose all your money |
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KING
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u wont lose all your money but u will still lose some |
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**! Crazy-Dennis!**
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Depends on how much you are insured on, up to a certain amount of money you will lose... |
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Heliopath
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i dont think so, other banks usualy take it over. |
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fplath2
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Your deposits are insured by the FSCS (http://www.fscs.org.uk/) if your bank is a member. |
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phelpsphan
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no banks insure up to a certain amount you put in. If you go over that insured amount then you will lose the amount of money you went over by. |
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Tuggy
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Usually they are insured. In the US, it is up to 100,000 dollars. |
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