QUESTION ABOUT BANKING (UK CITIZENS ONLY PLEASE :d)?
i have a current account with hsbc and i am wondering, if i put money into my savings, is it guaranteed to be safe, if the bank goes bust will i still hve my money?
thanks from the bank noob
The Government guarantees savings of up to £50,000 if a bank goes bust. If you have more than that – spread it around a bit so no one bank holds more than £50K of yours. That aside, HSBC is probably the safest bank there is around.