savings query

highfield | 20:29 Fri 10th Apr 2009 | Personal Finance

3 Answers

I have some money I want to invest but the best rates seem to be with companies in the same group, i.e. SAGA & BIRM'HAM MIDSHIRES that I already have savings with.
I am aware of the �50,000 compensation scheme & my total savings are in the region of �20,000.
If the group collapses would I get the FULL amount back or just the amount in one of the companies?

prev

next

Paying board to parent

Answers

1 to 3 of 3

Best Answer

No best answer has yet been selected by highfield. 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.

Ethel

You would get the FULL �20,000.

Question Author

Thank you Ethel, I hoped that was the answer.

This Martin Lewis article clarifies things.

http://www.moneysavingexpert.com/savings/safe- savings#whatcounts

1 to 3 of 3

Do you know the answer?

savings query

Answer Question >>

Related Questions