Yet more Northern Rock Fallout
So the Northern Rock effect continues to mess things up like the ripples in a pond from someone dropping an HGV into it. After the previous news on Northern Rock we posted following the mass hysteria it should come as no surprise that the shock waves continue.
Financial comparison site MoneyExpert.com commissioned a survey where the sole question seems to have been whether or not consumers still trust the government with their savings. A huge 44% states that they just don’t trust them to protect their savings.
So what do people want? Quite simply more protection than the current system that offers to guarantee the first £2000 of savings in full and 90% of the next £33,000.
With savings accounts being billed as “no risk” is this too much to ask from the government?
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