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Guest micko

Is our money safe!! £35k safety net in the UK!

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Guest micko

Hi Again,:arghh:

 

Does any one know about the financial obligations of the banks/Financial instutions in Oz.

Here in the UK i know banks have to pay up to £35k for a single account and £70k for a joint account if the bank goes under. I think that South Australia had a bank that went under many years back and just wondered if our house sale money will be safe and want guarentees there are to how much they have to repay

 

ta michelle

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You should be ok

 

But then I did not expect northern rock to fail

 

http://www.brisbanetimes.com.au/news/banking/guarantee-no-savings-grace/2007/10/02/1191091073147.html

 

 

If you are concerned about a particular bank check out this web site

http://bankimplode.com/


You can ignore reality but you cannot ignore the consequences of ignoring reality

 

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