Business Money - where to put it to be safe from harm

[Mappy]

Given all the financial insecurity going around these days what’s the best way to ensure the money in your Business account is safe (besides spending it all!!!)

Are business accounts covered in the same way (up to £35,000) as personal accounts? Can I buy Gold or Governments bonds with the money from the business?

I'm with Barclays, although I don’t think they would go under I also don’t think the government can afford to nationalise another bank like NR or B and B. and certainly not a bank the size of Barclays.


Mappy

[Sockpuppet]

Just have a petty cash box of £100k.

Place under bed.


Boomed.

[BolshieBastard]

Just have a petty cash box of £100k.

Place under bed.


Boomed.

I think under the matress myself.

That said, I think some people are panicking a bit too much.