Non-motoring > Where to put a load of cash short term Miscellaneous
Thread Author: smokie Replies: 16
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New Sat 29 Oct 22 03:10 
 Where to put a load of cash short term - zippy
There is a temporary protection of up to £1m for up to 6 months just for these purposes.

See here: www.bankofengland.co.uk/prudential-regulation/authorisations/financial-services-compensation-scheme

But I don't trust the banks (having worked for several) and would split the money across several banks as Terry suggested.

Just be aware that several banks share the same cover and therefore splitting your savings within the same group is likely to put you at risk. For example the Bank of Scotland PLC and Halifax share the same protection. There is a link to a PDF within the above document that shows companies that share the same licences.

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 Messages Author Date
 Where to put a load of cash short term new smokie 28 Oct 22 23:49
 Where to put a load of cash short term new Terry 29 Oct 22 01:18
 Where to put a load of cash short term new zippy 29 Oct 22 03:10
 Where to put a load of cash short term new smokie 29 Oct 22 09:35
 Where to put a load of cash short term new Dog 29 Oct 22 07:49
 Where to put a load of cash short term new Crankcase 29 Oct 22 08:36
 Where to put a load of cash short term new Dog 29 Oct 22 09:30
 Where to put a load of cash short term new smokie 29 Oct 22 09:37
 Where to put a load of cash short te.. new bathtub tom 29 Oct 22 10:50
 Where to put a load of cash short t.. new Kevin 29 Oct 22 11:07
 Where to put a load of cash short .. new smokie 29 Oct 22 11:11
 Where to put a load of cash short.. new zippy 29 Oct 22 11:34
 Where to put a load of cash short .. new Clk Sec 29 Oct 22 11:50
 Where to put a load of cash short t.. new smokie 29 Oct 22 11:07
 Where to put a load of cash short te.. new Dog 29 Oct 22 11:16
 Where to put a load of cash short term new Clk Sec 29 Oct 22 10:41
 Where to put a load of cash short term new Dog 29 Oct 22 11:21
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