Donate SIGN UP
Home > Business & Finance > Personal Finance > investments

investments

Avatar Image
johntaylor99 | 07:18 Wed 30th Jun 2010 | Personal Finance
3 Answers
My wife has taken over the affairs of an aunt who is in a care home suffering from dementure.
We have invested over £90000 into 0NE BANK in the form of .Fixed rate bond,Instant access saver, An ISA and her current account. Is this wise or should the money be spread BETWEEN SEVERAL BANKS.
johntaylor99.
prev National Savings Guarenteed Equity Bond What a joke!!
  
next investments
Gravatar

Answers

1 to 3 of 3rss feed

Best Answer

No best answer has yet been selected by johntaylor99. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Avatar Image sandyRoe
I don't believe the government would let any reputable bank fail. For what it's worth, I think it's safe enough.
07:26 Wed 30th Jun 2010
Avatar Image factor-fiction
If it's a UK bank then I agree with Sandy Roe. If it's an overseas bank such as the Icelandic one then you could lose your money.
If there is no penalty, though, why take the risk- transfer some out provided you can get an equally good rate elsewhere
17:33 Wed 30th Jun 2010
-- answer removed --

1 to 3 of 3rss feed

Do you know the answer?

investments

Answer Question >>