Hey chaps. Not really very good with finances and such, and I've done a bit of Googling without much success. Just curious how much of my savings are insured by the government in case of any sort of banking disaster. I have a fairly substantial amount of cash in a Natwest current account and just thought I'd investigate. Cheers!

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Why have you got your savings in a Natwest current account?

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£85,000 is the simple answer.

Because we get alright interest on it, and we need access to the funds. My other half is in charge of it really.

Thanks Hexx.

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If it's a joint account you'd each get 85k.

But it's per institution - so if you had 2 accounts you'd only get 85k total.

I

If you want me to look over your accounts to give you a proper anwser, send me a PM with your bank account details and I will check it out for you.

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Note: The FSCS wouldn't protect you frim stupidity.

Don't give him your details!

I'm crap with finances, but not that crap.

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Listen to Hexx, I cleared out his bank account last year and he is still whining about it.

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The existence of God is not subjective. He either exists or he doesn’t. It’s not a matter of opinion. You can have your own opinions. But you can’t have your own facts.

just to be clear - not a euphermism!

maybe stupid but since Halifax have just increased their mortage interest rates does this mean that they are unstable and not safe? My parents are saying that and they want to cancel their halifax saving account and transfer it to HSBC

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How much are we talking about here?

I can has PS3 plz?

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Look into getting an E-ISA account, you have instant access to your funds and the interest is better because it's tax free. You can only put just over £5k in every tax year though, so you might want to jump on it now and then after April 4 you can bash another 5k in. I have one with HSBC and the money can be instantly moved over to my current account in two clicks of a mouse if I need it to be.

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