| Is it safe to leave money in the bank in these times of financial uncertainty and bank-bailouts |
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The Name
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With Wall St crashing and banks being bailed-out in Europe, is there any chance of losing money stored in a high-interest bank account?
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hehe
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As long as it is FDIC insured. Current cap limit on FDIC insured accounts is 100,000
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Dudley
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Yes. It is safe. Please leave your money in the bank. The market is crashing because people are panicking and dumping their stock. This whole think is just created by paranoia. It will bounce back. Give it 2 weeks.
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Couture
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Your bank account is insured so it is as safe as it possibly can be.
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Coach
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if youre doubting then take your money where you can see it.
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Kim
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The risk to savers is small in the UK u r protected by law up to £35000. National savings r government backed & therefore safe. The European banks r in trouble because they invested in American banks & US mortgage debt.
Disclaimer: The above r for guidance only & should not be acted upon without u receiving independent financial advice relevant to ur circumstances. To find & IFA please call 0800 085 3250 or go to http://unbiased.co.uk.
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Lostyo
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Your money is safe if it is FDIC insured. There is no reason to take it out. You will just create more hassle for yourself when you put it back in later.
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