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rough gist of it your money is safe up to 85k if the bank fails ! after the cyprus turnout it seems a bit like the dreaded football managers "vote of confidence" to me, and on that basis im out !
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Replies: 40
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You going to take your £4.50 out then...?
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mattress job innit
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most of it out leopard !
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which bank foyle
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Kabul First National
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I got the same notice. May indeed have got it twice since I had correspondence from both NatWest and Ing (now Barclays) yesterday.
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is it 85k each bank
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hsbc, footiefan!
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yes DO NOT have more than £85k in any one bank, that is the limit you are covered for
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burton i would take no notice of that 85k guarantee ,if the money is not in the pot how can they pay you ? they will say your money is guaranteed and they will pay you .............maybe they will ! but when ? could be years before you got your dough
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I'm gonna get a bigger bed
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does anyone think what has happened in cyprus could or could not happen here ?
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I have 100k in one place but am waiting on buying a flat , but there's still nowhere for me to put 30k with any rate of interest left
I'm looking to buy another cheap property to rent out fairly soon after i move  |
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you'd like to think it couldn't happen here but I think other options maybe worth looking into
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FOYLESWAR 26 Mar 13 12:11
does anyone think what has happened in cyprus could or could not happen here ? Cyprus are in the EU.... we're in the EU. It's a tax......our Governments like taxes. |
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Yep something similar 'could' happen here .. but not for 30% like in Cyprus
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thats what i say burton, if it happens here they will make it look as they are doing you a favour by saying for example cyprus charged 30% we will only tax you say 5 or 10% ,people will moan but say well we are better off than the cypriots
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burt's holding folding
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Will the Cypriots who owe bank and have very large overdrafts have them cut by 30% as well?
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In Cyprus was that 100k in one bank or in total in all banks ?
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exactly Foyles
there's a lot more rich people , so 10% here would be huge & cost a lot more than 30% in cyprus |
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mcmoony lad , keep the money ain cyberspace and bugger the interest - make it up on here
just whack it back and forth between the bank and bf - safer probably  |
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in
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In Cyprus was that 100k in one bank or in total in all banks ?
Depositors with €100,000 in the Laiki Bank could lose up to 40% of deposits will be transferred to Bank of Cyprus will be restructured. |
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After the assistance they all got in 2007/08, if one of the UK's 5 big banks has to use the £85K guarantee now then sterling is already on its way out. How you keep ahead of that is the golden question.
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Letter from Santander yesterday about their cash ISA and highlighting that its changing for the better; they should be done under the Trades Description Act. Basically they are closing all the ISA's that used to exist to either an Easy ISA or a ISA Saver with following rates:
Easy ISA £1+ 0.1% £27,000+ 0.3% £40,000+ 0.5% ISA Saver £1+ 0.5% £10,000+ 1.5% £25,000+ 2.00% There may be better offers for lock-ins, will have to check, but these rates especially for the Easy ISA are dayight robbery, no Cyprus style 'tax' on deposits just prolonged artificial low rates of interest supported by Quantitive Easing to steal your money. |
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thats right big issue,they're already robbing savers here its just that they havent made an official announcement.sterling steadily devaluing & interest rates artificially low whilst the real rate of inflation is more like 6%,its called stealth.
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They kind of are already doing it here, by stealth.
Quantitative easing/Money printing has resulted in high inflation, high fuel costs, high food costs, a real loss on any money in any savings accounts, the pound collapsing ..... |
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btw although retail bonds aren't protected under the 85K thingy, you can get ca 6% interest, which is tax free in an ISA or pension
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Someone said on the Politics show last Thursday that the latest bouts of devaluation has already hit 25%.
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^It was This Week not the Politics show.
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It was David Starkey who said it.
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Hit 25% of what may I ask? People?
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No not people, try again.
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Value of money I am guessing?
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Well done - move to the top of the class.
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imagine having to pay 70% on last years income
just pips BF's 60% premium tax dunit? |
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Do we know what we pay in taxes? Tax freedom day was 23rd June last year. I'd be surprised if it didn't move a week or more later this year.
Income tax, National Insurance, VAT, Council Tax ....... |
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heard on the news today british banks need to find 25 billion in the next few years to cover a shortfall ,where do you think they might find it ?...........must be a good few public savings accounts in british banks !....................... they wouldnt would they ?
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