I've been trying to find a clear statement on safety limits of UK
savings but cannot find anything definitive. If I state what seems to
be the case perhaps someone can correct if necessary or point to a
definitive web site...? From reports such as

  http://news.bbc.co.uk/1/hi/business/7021414.stm

and others it seems that:

1. Total savings in a UK shore-based bank are government-guaranteed up
to £35,000.
2. Ditto for a building society
3. Above £35,000 with any one institution is not (yet) guaranteed in
any way
4. This limit applies to the total savings so if we have ISA and
deposit account with £30,000 in each there would still only be £35,000
guaranteed.
5. Savings with Northern Rock (being taxpayer-owned) are 100%
guaranteed regardless of how much is saved with them - ISAs, savings
accounts and current accounts.

Is that close?

--
James

James Harris wrote:

> it seems that:
> 
> 4. This limit applies to the total savings so if we have ISA and
> deposit account with £30,000 in each there would still only be £35,000
> guaranteed.

You said "we".  So if there are two of you, you have £70k covered.
The limit is per institution and per depositor.