Banks, Bldg Socs and things...

In the past, we have discussed the best place for savings. In light of the various failures that include Northern Rock, Halifax, Kaupthing and other lost banks, the Government stepped in last year and guaranteed people's savings up to £50k per person per bank.

However, with the rapid and recent changes in ownership of these banks and building societies, it is all too easy to lose track of who owns what! If you have two accounts with the same parent bank, you are ONLY covered up to £50k.

I have just found this useful table on the BBC's website which explains who owned what in April 2009!

From the BBC - and there is no guarantee that it is accurate!

It has occurred to me that there aren't many left!

How about forming an ARRSE Credit Union? We couldn't do any worse than the current bunch of crooks. :D


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