U.K savings guaranteed up to £50,000
Oct 4th 2008, 12:12 am
#1
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U.K savings guaranteed up to £50,000
According to the BBC website the government will up the guaranteed savings amount from £35,000 to £50,000 ( £100,000 for joint accounts ). This will come in to effect on tues 4th October.
Oct 4th 2008, 8:24 am
#2
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Re: U.K savings guaranteed up to £50,000
So do we assume all the banks are going to make an announcement Oct 3rd - hey but isnt that a Friday? Do you mean November?
Oct 4th 2008, 9:34 am
#3
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Re: U.K savings guaranteed up to £50,000
I assumed he meant the 14th Oct but 4th Nov fits as well 
Oct 4th 2008, 10:17 am
#4
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Re: U.K savings guaranteed up to £50,000
I'm guessing It will be November.
Not sure how long it's going to last though.
Not sure how long it's going to last though.
Oct 4th 2008, 10:19 am
#5
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Re: U.K savings guaranteed up to £50,000
No, it's Tuesday 7th October.
Oct 4th 2008, 2:05 pm
#7
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Re: U.K savings guaranteed up to £50,000
"The Financial Services Authority (FSA) has today increased the compensation limit for bank deposits from £35,000 up to a total of £50,000 for each customer's claim. This increase applies from Tuesday 7 October 2008.
Customers with joint accounts will be eligible to claim up to £100,000."
Cheers
b
Oct 4th 2008, 2:11 pm
#8
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Re: U.K savings guaranteed up to £50,000
Yeah it's the 7th,sorry.
Got my mates birthday in my head which is the 4th
Got my mates birthday in my head which is the 4th
Oct 6th 2008, 12:26 am
#9
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Re: U.K savings guaranteed up to £50,000
This makes me laugh, the same as the Irish banks offering 100% cover. It just wouldn't happen because if people did need to claim it would cost trillions. The only way for the government to honour the promise would be to print the money.
The might as well write "***** You!" over the queen's head on the banknotes as they hand them out to you.
Another example of the ZanuLabour government lying to the people.
The might as well write "***** You!" over the queen's head on the banknotes as they hand them out to you.
Another example of the ZanuLabour government lying to the people.
Oct 6th 2008, 12:39 am
#10
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Posts: 17,503
Re: U.K savings guaranteed up to £50,000
This makes me laugh, the same as the Irish banks offering 100% cover. It just wouldn't happen because if people did need to claim it would cost trillions. The only way for the government to honour the promise would be to print the money.
The might as well write "***** You!" over the queen's head on the banknotes as they hand them out to you.
Another example of the ZanuLabour government lying to the people.
The might as well write "***** You!" over the queen's head on the banknotes as they hand them out to you.
Another example of the ZanuLabour government lying to the people.
G
Oct 6th 2008, 12:56 am
#11
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Posts: 12,467
Re: U.K savings guaranteed up to £50,000
So if the guarantees need to be redeemed all the underwriters go bust, the govt have to step in either way, to prop up the insurers or pay out the account holders. They'd have to print the money in any event.
Oct 6th 2008, 1:02 am
#12
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Re: U.K savings guaranteed up to £50,000
G
Oct 6th 2008, 1:05 am
#13
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Joined: Sep 2002
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Re: U.K savings guaranteed up to £50,000
Commodities crashing in price, in fact, I'm even tempted to have a dabble on BHP but everything is too irrational at the mo. Might just sit it out and wait for "stability" whenever that might come...
Oct 6th 2008, 1:10 am
#14
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Re: U.K savings guaranteed up to £50,000
I am stuck with a large pot of money spread over a number of UK and Australian banks.
I am tempted to transfer some more, given the exchange rate, but want to be sure things are more stable than they are now.
G
Oct 6th 2008, 1:25 am
#15
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Re: U.K savings guaranteed up to £50,000
Has anyone said the Aus economy is immune? I've seen people say it'll fare better than the UK but I've not seen anyone say that it will not be affected by all this.