Wednesday, April 18, 2012
Time for a run on a bank???
Are my savings safe? The Â£120billion of UK saversâ€™ money with Santander stays in the UK and is not fed back to Spain. In â€“ what experts say â€“ the unlikely event of Santanderâ€™s UK arm going belly up, the first Â£85,000 (Â£170,000 for joint accounts) of saversâ€™ deposits is protected by the UK savings safety net, called the Financial Services Compensation Scheme.