Quote:
Originally Posted by Chris  It also counts brands within a group as one single entity. So if you have £20k with BOS and £20k with Halifax (or Intelligent Finance, Sainsbury's etc) then you'd probably lose £5k (hypothetically seeing as HBOS didn't go bust). |
Don't think so. You're covered up to £35k per "authorised institution". If the merged bank, retains separate authorizations (eg. RBS and Natwest) for the individual banks and you've savings in both, you'll be covered up to £70k
Read this on the BBC yesterday.