MoneySaving Poll Results
Would you save in a non UK-protected account?
| Poll started 05 October 2009: Would you save in a non UK-protected account? Currently the Bank of Cyprus pays the highest 1yr fixed savings rate. Yet in the unlikely event it went bust, as with a few other EU banks (non-EU banks must have full UK protection), you’d need to claim your lost money back from the home Cypriot govt, not the UK’s. However you get cover for €100,000 (c £90,000), not the £50,000 of the UK scheme. If you had money to save, would you be happy to put it in a non UK-protected bank?
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