Anyone else considering sticking everything in National Savings?

[DaveB]

Well DaveB ltd's money is all with Cater Allen, which is owned by Santander, who seem to be one of the more stable institutions atm. 2nd biggest retail bank in europe they just bought up the high street and savings operations of Bradford and Bingley.

[DiscoStu]

If you were stoozing Hbos credit cards, saved in one of their accounts... and they went bust. Who would owe who?

I read somewhere that any debt you had with an institution would be subtracted from any savings you had when you claimed compensation. I'll try and find a link tomorrow.

[Bagpuss]

If you were stoozing Hbos credit cards, saved in one of their accounts... and they went bust. Who would owe who?

[cupidstunt]

We need that for all the fliping tedious credit crunch threads

Yes, it's the same 'experts' rehashing the same old lines over and over again.

[DiscoStu]

GhandiW

HTH

GandhiW

HTH

[Spacecadet]

<Waits for the new yawning smiley>

We need that for all the fecking tedious credit crunch threads

[cupidstunt]

I wonder whose sockpuppet you are...

GhandiW

HTH

[DiscoStu]

You and SandyDown should get on famously

I wonder whose sockpuppet you are...

[cupidstunt]

<Waits for the new yawning smiley>

You and SandyDown should get on famously

[DiscoStu]

Surely all your savings will be covered by the government guarantee? I mean as a tester you cant't have much surely

<Waits for the new yawning smiley>

[DiscoStu]

But no good for business accounts (unless anyone can tell me otherwise). I see Northern Rock has pulled its Business Reserve. Just imagine if your Ltd's bank went kaput and you had to reclaim your money but your CT and VAT is due now... There again, I'm sure HMRC would talk to the compensation scheme people and cancel it out on your behalf

Fortunately I've got enough stashed in savings to cover CT and VAT for this year. Fingers crossed for the business A/C!

[cupidstunt]

I'm thinking I'd rather deal with a slightly crappier interest rate instead of faffing about claiming my money back if another bank ends up folding like a cheap suit...

Surely all your savings will be covered by the government guarantee? I mean as a tester you cant't have much surely

[Old Greg]

I'm thinking I'd rather deal with a slightly crappier interest rate instead of faffing about claiming my money back if another bank ends up folding like a cheap suit...

But no good for business accounts (unless anyone can tell me otherwise). I see Northern Rock has pulled its Business Reserve. Just imagine if your Ltd's bank went kaput and you had to reclaim your money but your CT and VAT is due now... There again, I'm sure HMRC would talk to the compensation scheme people and cancel it out on your behalf

[DiscoStu]

I'm thinking I'd rather deal with a slightly crappier interest rate instead of faffing about claiming my money back if another bank ends up folding like a cheap suit...