Quote:
Originally Posted by marinabrian
Well the main thing is you got your money back in full, a relative of mine who worked for a company based in Douglas wasn't quite as fortunate 
Brian  |
Thanks Brian
I am very sorry to hear about your relative. Off-shore bank accounts in those days attracted higher interest rates than on the mainland, but with that came higher risks in not being covered by the guarantees and legislation, you now have today in the UK.
"t's for this reason I tend to spread my savings over a few different UK banks, that way, if any go into administration then you are covered by the deposit guarantee scheme for up to £85000" - Brian, clearly there are no flies on you