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How safe are the Banks?

Last post Sat, Oct 31 2009, 8:30 PM by conmankiller. 1 replies.
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  •  Sat, Oct 31 2009, 7:17 PM

    How safe are the Banks?

    I complete on my house sale on 9 Nov & am moving into rented before hopefully buying again in the spring. I will have a million to invest whilst I wait to downsize to the right house which could cost between 5 & 700000. I cant open 20 accounts to keep them all below £50,000 each. I started opening accounts online today but by the time the post strike has slowed me down I doubt I can fulfil all the laundering requirements very quickly anyway.I need interest to live on as I dont have a pension. I wish there was an easy access account at 3%plus that I could put most of it in? Your advice would be appreciated.
    • Post Points: 20
  •  Sat, Oct 31 2009, 8:30 PM

    Re: How safe are the Banks?

    • Post Points: 35