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Banks how safe is your cash
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By (user no longer on site) OP
over a year ago
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You ever had difficulty trying to withdraw a large amount of cash from your bank, seems its hard enough for you to get hold of your own cash never mind anyone else get it.
with interest rates now at 0.25% is it worth having large amounts of cash in a bank
and how safe is your cash within that bank? |
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By (user no longer on site)
over a year ago
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"You ever had difficulty trying to withdraw a large amount of cash from your bank, seems its hard enough for you to get hold of your own cash never mind anyone else get it.
with interest rates now at 0.25% is it worth having large amounts of cash in a bank
and how safe is your cash within that bank?"
I've never had a "large amount of cash". So not something I'm worried about.
Are you worried about ATMs functioning or on line transfers? |
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By *ax777Man
over a year ago
Not here |
"The gov covers the first 75 grand for each person
Yes and it makes you wonder, given the £75k per person, why did they bailout the banks in 2008? "
Leading up to the financial crash it was only £35K which was increased to £50k following the Irish banking problems |
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By (user no longer on site)
over a year ago
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"The gov covers the first 75 grand for each person
Yes and it makes you wonder, given the £75k per person, why did they bailout the banks in 2008?
Leading up to the financial crash it was only £35K which was increased to £50k following the Irish banking problems"
Ok so what percentage of the UK population had over £35k? At a guess 10% maybe 20%? So was it really necessary? |
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By (user no longer on site)
over a year ago
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"The gov covers the first 75 grand for each person
Yes and it makes you wonder, given the £75k per person, why did they bailout the banks in 2008?
Leading up to the financial crash it was only £35K which was increased to £50k following the Irish banking problems
Ok so what percentage of the UK population had over £35k? At a guess 10% maybe 20%? So was it really necessary?"
For the people that have the liquidity of cash most definitely yes it was needed. |
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By *asyukMan
over a year ago
West London |
Another scaremongering thread.
Misery really does love company it seems.
£75k deposit guarantee is as a result of an EU requirement.
It's defined in Euros so used to be worth more for us. |
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By (user no longer on site) OP
over a year ago
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"Another scaremongering thread.
Misery really does love company it seems.
£75k deposit guarantee is as a result of an EU requirement.
It's defined in Euros so used to be worth more for us."
£75k is incorrect, try again. |
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By *asyukMan
over a year ago
West London |
"Another scaremongering thread.
Misery really does love company it seems.
£75k deposit guarantee is as a result of an EU requirement.
It's defined in Euros so used to be worth more for us.
£75k is incorrect, try again."
Words not making sense to you again?
Typo. £85k
Why are you whining then?
Regardless, do stop scaremongering at every opportunity. |
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By (user no longer on site) OP
over a year ago
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"Another scaremongering thread.
Misery really does love company it seems.
£75k deposit guarantee is as a result of an EU requirement.
It's defined in Euros so used to be worth more for us.
£75k is incorrect, try again.
Words not making sense to you again?
Typo. £85k
Why are you whining then?
Regardless, do stop scaremongering at every opportunity."
you were the one that fucked up,
I was just pointing out your fuck up. |
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By *asyukMan
over a year ago
West London |
"Another scaremongering thread.
Misery really does love company it seems.
£75k deposit guarantee is as a result of an EU requirement.
It's defined in Euros so used to be worth more for us.
£75k is incorrect, try again.
Words not making sense to you again?
Typo. £85k
Why are you whining then?
Regardless, do stop scaremongering at every opportunity.
you were the one that fucked up,
I was just pointing out your fuck up."
Once again, you are the one scaremongering.
Your second thread doing so. |
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By (user no longer on site) OP
over a year ago
|
"Another scaremongering thread.
Misery really does love company it seems.
£75k deposit guarantee is as a result of an EU requirement.
It's defined in Euros so used to be worth more for us.
£75k is incorrect, try again.
Words not making sense to you again?
Typo. £85k
Why are you whining then?
Regardless, do stop scaremongering at every opportunity.
you were the one that fucked up,
I was just pointing out your fuck up.
Once again, you are the one scaremongering.
Your second thread doing so."
so with .25% interest rate (base) do you advise to put all your savings in a bank, lets say a small amount of £100,000 |
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By *asyukMan
over a year ago
West London |
"Another scaremongering thread.
Misery really does love company it seems.
£75k deposit guarantee is as a result of an EU requirement.
It's defined in Euros so used to be worth more for us.
£75k is incorrect, try again.
Words not making sense to you again?
Typo. £85k
Why are you whining then?
Regardless, do stop scaremongering at every opportunity.
you were the one that fucked up,
I was just pointing out your fuck up.
Once again, you are the one scaremongering.
Your second thread doing so.
so with .25% interest rate (base) do you advise to put all your savings in a bank, lets say a small amount of £100,000 "
"Banks how safe is your cash"
£100,000 is not a small amount of cash for most people. Congratulations for Showing off about how rich you are.
If you have £85,000 in a bank it's safe. It is losing value but it's safe.
Who said all of your money should be in a bank? Anyone?
Currently all assets are being sold for cash. Even gold in a financial crisis. Is that rational? Probably not, but it seems that people believe that it is safe.
Stop scaremongering. |
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If you have below that level in individual banks, then you can spread your levels of risk to zero. 
