Financial Services Compensation Scheme down to £75K.

[RickyM]

It doesn't matter what's guaranteed as it's not yours.

 

The banks own the wealth and they know it!!!

 

Go on Alex Jone's Youtube Channel and learn.

[Janus]

Hi,

I`ll have a look on YT when I have a bit more time, but what do you mean "it`s not yours":huh:

[RickyM]

Hi,

I`ll have a look on YT when I have a bit more time, but what do you mean "it`s not yours":huh:

 

Something is only yours if you can get to it without an impediment, like cash.

 

Look what happened in Greece lately and Cyprus. The banks stopped people getting their cash.

 

NEVER put all your eggs in one basket!!!!!!!!!

[Janus]

The thing is, what do you do or rather where do you wap your wad?

 

The problem has never happened in the UK in my lifetime so far, with the exception of the Bradford & Bingley. When Northern Rock went belly up it was bailed out. The bank of England has good standing in the eyes of the world, apparently.

 

Putting all the eggs in one basket would not be a good decision but that is elementary knowledge.

 

Shares (or rather companies) can just do one and disappear.

 

Bricks & mortar, safe as houses but you cannot quickly gain access to your money.

[Jeffrey Shaw]

It would be good if there was a kind of official list available, of the status of each provider in respect of which are amalgamated to each other. That is information that would be useful to savers.

But there is, courtesy of the Building Societies Association!

See https://www.bsa.org.uk/information/where-is-my-old-building-society