Comments on: Are your savings safe?: Full guide to protect your cash http://www.rba.co.uk/wordpress/2009/02/07/are-your-savings-safe-full-guide-to-protect-your-cash/ News and views on search tools and electronic resources for business information Thu, 09 Sep 2010 08:44:50 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: 100% Mortgage http://www.rba.co.uk/wordpress/2009/02/07/are-your-savings-safe-full-guide-to-protect-your-cash/comment-page-1/#comment-4284 100% Mortgage Wed, 22 Jul 2009 19:39:34 +0000 http://www.rba.co.uk/wordpress/?p=503#comment-4284 Excellent article, I knew some of the banks were linked but it always seemed like a closely guarded secret. In the current climate it has such a potential impact, everyone needs to know. You could have a mortgage and savings with the same bank, and another account with what you considered totally independent, but actually it was linked and then you'd only qualify for one amount should the worst happen. Thanks for getting us thinking. Excellent article, I knew some of the banks were linked but it always seemed like a closely guarded secret. In the current climate it has such a potential impact, everyone needs to know.
You could have a mortgage and savings with the same bank, and another account with what you considered totally independent, but actually it was linked and then you’d only qualify for one amount should the worst happen.

Thanks for getting us thinking.

]]> By: Are we forgetting savers as interest rates drop? http://www.rba.co.uk/wordpress/2009/02/07/are-your-savings-safe-full-guide-to-protect-your-cash/comment-page-1/#comment-2917 Are we forgetting savers as interest rates drop? Wed, 11 Feb 2009 08:37:16 +0000 http://www.rba.co.uk/wordpress/?p=503#comment-2917 [...] Blakeman recently discussed this issue in ‘Are your savings safe?‘ referencing a handy chart from MoneySavingExpert’s article regarding ‘What [...] [...] Blakeman recently discussed this issue in ‘Are your savings safe?‘ referencing a handy chart from MoneySavingExpert’s article regarding ‘What [...]

]]> By: Karen Blakeman http://www.rba.co.uk/wordpress/2009/02/07/are-your-savings-safe-full-guide-to-protect-your-cash/comment-page-1/#comment-2901 Karen Blakeman Sun, 08 Feb 2009 13:54:21 +0000 http://www.rba.co.uk/wordpress/?p=503#comment-2901 Hi Paul, I agree - people need to be reminded of these issues. There was a lot of talk at time of the Northern Rock and Icesave failures about the limits of the FSCS scheme. Now I fear that many people may be forgetting to check ownership of their bank or building society in the search for better savings rates. I suspect that many also do not realise that banks such as ING Direct are covered by a different compensation scheme and that they would have to claim from the government of the country supervising that bank. In the case of ING Direct that would be the Netherlands. The full table of institutions is on http://www.moneysavingexpert.com/savings/safe-savings#whatcounts so please point your readers to that link. Regards Karen Hi Paul,

I agree – people need to be reminded of these issues.

There was a lot of talk at time of the Northern Rock and Icesave failures about the limits of the FSCS scheme. Now I fear that many people may be forgetting to check ownership of their bank or building society in the search for better savings rates. I suspect that many also do not realise that banks such as ING Direct are covered by a different compensation scheme and that they would have to claim from the government of the country supervising that bank. In the case of ING Direct that would be the Netherlands.

The full table of institutions is on http://www.moneysavingexpert.com/savings/safe-savings#whatcounts so please point your readers to that link.

Regards

Karen

]]> By: Paul Sailes http://www.rba.co.uk/wordpress/2009/02/07/are-your-savings-safe-full-guide-to-protect-your-cash/comment-page-1/#comment-2899 Paul Sailes Sun, 08 Feb 2009 11:54:38 +0000 http://www.rba.co.uk/wordpress/?p=503#comment-2899 A great bit of info Karen, the linking between banks is not common knowledge amongst the average investor. The consequence in relation to possible compensation claims could be massive. Now is a time that savers are been forgotten in the midst of crashing interest rates. So whilst savers maybe losing an income it would be unjust for them to also lose their capital. It needs to be reiterated and will also draw my readers to this issue and refernce your handy chart if ok. A great bit of info Karen, the linking between banks is not common knowledge amongst the average investor. The consequence in relation to possible compensation claims could be massive.

Now is a time that savers are been forgotten in the midst of crashing interest rates. So whilst savers maybe losing an income it would be unjust for them to also lose their capital.

It needs to be reiterated and will also draw my readers to this issue and refernce your handy chart if ok.

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