Word to the wise…

 

I didn’t know this but apparently building societys can go bankrupt like any other businesses which is currently happening to the Northern Rock.  Apparently if they do fold, those with more than £50,000 or more in their  account will receive a maximum of £31,700 in compensation! They don’t tell you that when you sign up.

Way around it is to never have more than £35,000 with one bank. Mental note made.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: