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Topic: Exactly how safe is your money in the bank ?  (Read 823 times)

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Exactly how safe is your money in the bank ?
« on: September 19, 2007, 12:06:22 AM »
Exactly how safe is your money  in the bank ?
how much are  the USA consumer accounts protected in USA ? 
I know that is easy to put money in the bank, Can you take all your money if you like too from saving account or you have to pay some fee ?

http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article2456695.ece


kal ..
« Last Edit: September 19, 2007, 12:09:51 AM by myoracle »


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Re: Exactly how safe is your money in the bank ?
« Reply #1 on: September 19, 2007, 12:22:10 PM »
Well, not as save as your money is in a U.S. bank, but I doubt any banks here will fail, so pretty safe.

In the U.S. you get 100% protection up to $100,000 and up to 250,000 for some retirement investments.

In the UK the first £2,000 is covered 100% then you are covered up to 35,000 by 90%. 

I suppose removing all your money would depend on the bank and your account. 


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