Author: abelardabelard
Date: Sep 21, 2008 11:16
On Sun, 21 Sep 2008 11:01:38 -0700 (PDT), Jon° live.co.uk>
wrote:
>I know that deposits in building societies and banks are guaranteed
>by the government up to a ceiling of £35, 000 and that any
>subsidiaries of a registered deposit taker would be combined together
>when assessing the loss.
>
>What I dont know and have been unable to find out is, if one is
>unlucky enough to bank with a failed bank/building society, how long
>would it take to get your money.
>
>I would wager that it was not a quick process and could take even up
>to a year. During that time one would, presumably, get no interest on
>ones investment and therefore the capital would decline with
>inflation.
>
>Any expert out there who can answer my question?
i doubt it....i've added uk.legal....
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