savings

Is my money safe with an Icelandic bank?

Rebecca Atkinson — Mon, 06 Oct 2008 11:46:32 +0100

Following the run on Northern Rock in 2007, concerns about the financial stability of banks have been at the forefront of many savers' minds. In the past 12 months, the UK has seen the banking sector undergo some massive changes, inluding two players becoming nationalised, and Alliance & Leicester and HBOS being bought up by rival firms.

Banks take a hit in stockmarket mayhem

Rebecca Atkinson — Mon, 06 Oct 2008 11:09:33 +0100

Shares in British banks have gone into meltdown despite the government promising to do everything possible to protect the sector.

On Monday 6 October, the value of Britain’s biggest businesses took a massive hit, with the FTSE 100 falling to a low of 4549.7 points.

Savers' protection increased to £50,000

Rebecca Atkinson — Fri, 03 Oct 2008 11:56:00 +0100

British savers are now protected up to £50,000 if a British bank fails and this guarantee could be increased further still, the financial watchdog has announced today.

Should the government offer British savers 100% protection?

Rebecca Atkinson — Thu, 02 Oct 2008 18:35:07 +0100

* Yes - it should put its money where its mouth is * No - the new £50,000 limit is adequate

Irish 100% protection could be extended

Chris Thomas — Thu, 02 Oct 2008 12:35:00 +0100

Plans are afoot to extend a new Irish law protecting 100% of savers' money to include foreign-owned banks with a large retail presence in the country.

Northern Rock pulls saving ranges

Rebecca Atkinson — Thu, 02 Oct 2008 09:54:18 +0100

Northern Rock has been forced to slash its saving range - including all fixed-rate accounts - as savers increasingly seek out 100% protection for their money.

Should I move my money into an Irish bank?

Rebecca Atkinson — Wed, 01 Oct 2008 15:10:44 +0100

Savers in Britain today are nervous; the continuing speculation over the stability of our banks and building societies, the nationalisation of two leading high street names in less than a year, and fears of more to come have led to a significant number of savers moving their money in order to reduce their exposure to any one firm and keep each balance under £50,000 (the Financial Services Comp

Brown promises to protect savers' money

Rebecca Atkinson — Wed, 01 Oct 2008 09:50:25 +0100

Gordon Brown has reassured savers that he will increase the amount of protection they receive should a bank fail to £50,000 or more, despite Parliament previously dismissing such a measure.

Get 100% protection on your savings

Rebecca Atkinson — Tue, 30 Sep 2008 12:37:04 +0100

Savers could now benefit from 100% protection against a bank going bust as long as they are with an Irish bank.

Bradford & Bingley deal: what does it mean for you?

Rebecca Atkinson — Mon, 29 Sep 2008 09:33:22 +0100

The credit crunch and resultant banking crisis has claimed many victims, but the news that Bradford & Bingley, the building society turned bank with a 151-year history, has finally succumbed will cause worry, panic and even anger among many customers, shareholders and members of the general public.