Sorry meant to say "no matter how many Accounts one holds .. IN ONE SINGLE LICENCE HOLDING INSTITUTION OR BANK ... and no matter how much ...."

That is one payout of £35,000.00 for each SINGLE Licence holding Bank or Institution, even though Accounts with various subsidiaries, such as the RBS and Birmingham Midshires or whomever it was who recently took over that Building Society.

I know that the Nationwide took over somewhere last year and is about to or has just taken over another couple of smaller Banks and Societies.

It will therefore be important for any investors with any of these overtaken/undertaken or joined up Banks etc., to be constantly aware to ensure that not more than £35,000.00 is left in any group Company!!!

Northern Rock is currently in a special position, having been effectively taken over by the Government, but I reckon there will be a divestment of that Company as soon as it can stand on its' own two feet. So investors will have to be wary and alert to the changes.

Basically investors beware, not more than £35,000.00 in any one SINGLE Licence holding Investment group.