Would you save in a non UK-protected account?MoneySaving Poll Results

Souk
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?

Results

A. Yes1,667 votes (23 %)
B. Yes, but only from a larger country889 votes (12 %)
C. No4,608 votes (64 %)

                   7,164 votes received.

Cheap Travel Money

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.