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How much do you have in cash savings (and is it safe)?

18 April 2023

Bank collapses are back in the news right now after solvency crises at the likes of Credit Suisse and Silicon Valley Bank. It's left many people wondering whether their UK savings are safe (they are, normally up to £85,000 per financial institution). So this week we want to know, how much money do you have in cash savings? And if you have more than £85,000 in cash savings, is this with more than one financial institution?

Bank collapses are back in the news right now after solvency crises at the likes of Credit Suisse and Silicon Valley Bank. It's left many people wondering whether their UK savings are safe (they are, normally up to £85,000 per financial institution – see more in our Are my savings safe? guide).

So this week we want to know, how much money do you have in cash savings? And if you have more than £85,000 in cash savings, is this with more than one financial institution?

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