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date: Thu, 31 Jul 2008 22:15:30 +0100,
group: uk.finance
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Govt Bank Balance Guarantee
Hi.
Can someone clarify what the Govt. Bank Guarantee covers, please?
1) I believe it is currently for the first £35K of deposits, but likely
to rise to £50K shortly?
2) Is it just for Sterling deposits or other currencies as well (eg. Euros)?
3) Just for UK residents or for all accounts held in UK banks,
regardless of residence?
TIA
Helpless
date: Thu, 31 Jul 2008 22:15:30 +0100
author: Helpless Soul Soul
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Re: Govt Bank Balance Guarantee
On Jul 31, 10:15 pm, Helpless Soul <Soul> wrote:
> Hi.
>
> Can someone clarify what the Govt. Bank Guarantee covers, please?
>
> 1) I believe it is currently for the first £35K of deposits, but likely
> to rise to £50K shortly?
>
> 2) Is it just for Sterling deposits or other currencies as well (eg. Euros)?
>
> 3) Just for UK residents or for all accounts held in UK banks,
> regardless of residence?
This answers some of those questiopns:
http://www.moneysavingexpert.com/savings/safe-savings#protected
date: Fri, 1 Aug 2008 07:42:45 -0700 (PDT)
author: RobertL
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