Lee54 Posted September 15, 2008 Share Posted September 15, 2008 Allan Bell was asked this question today on the Stu Peters Show, never caught the full show or story but he would not give any Guarantees when asked how safe is our savings in Local Banks. Anyone have the full story. Link to comment Share on other sites More sharing options...
TerryMcCann Posted September 15, 2008 Share Posted September 15, 2008 They are as safe as houses. But how safe are houses nowadays? Link to comment Share on other sites More sharing options...
Mr. Sausages Posted September 15, 2008 Share Posted September 15, 2008 I think the govt guarantee £15k of your savings, not great but better protection than you get in the UK. I could be wrong, but I can't find anything online and need to go for a massive poo right now. Link to comment Share on other sites More sharing options...
gazza Posted September 15, 2008 Share Posted September 15, 2008 im sure its 35k, might be wrong, i aint got any saveings so im fine Link to comment Share on other sites More sharing options...
Onchanguy Posted September 15, 2008 Share Posted September 15, 2008 I think the govt guarantee £15k of your savings, not great but better protection than you get in the UK. I could be wrong, but I can't find anything online and need to go for a massive poo right now. How is paying up to 75% of the first £20k (ie. a maximum of £15k) better than paying 100% of the first £35k (ie. £35k)? Or, if you had funds in Northern Rock, 100% of the full balance. At least the IOM is better than Jersey who don't offer a compensation scheme. Link to comment Share on other sites More sharing options...
Cock Posted September 15, 2008 Share Posted September 15, 2008 Allan Bell was asked this question today on the Stu Peters Show, never caught the full show or story but he would not give any Guarantees when asked how safe is our savings in Local Banks. Anyone have the full story. The government reviewed the Manx depositor protection scheme a few months ago, and made the decision that although it is considerably lower than the UK scheme (max £15k as opposed to £35k [rising to £50k in 2009] in the UK) it is adequate at this time. The banks agreed with that policy. The assumption was that foreign depositors using the IOM were well over the £35k limit anyway so any increase was irrelevant. There was something in the Examiner about it. Link to comment Share on other sites More sharing options...
Ronague Ram Posted September 15, 2008 Share Posted September 15, 2008 Depositors compensation scheme Details can be found here Link to comment Share on other sites More sharing options...
jimbms Posted September 15, 2008 Share Posted September 15, 2008 They are as safe as houses. But how safe are houses nowadays? In that case don't invest in any bank with a name begining with "H" or "D" Link to comment Share on other sites More sharing options...
Mr. Sausages Posted September 15, 2008 Share Posted September 15, 2008 How is paying up to 75% of the first £20k (ie. a maximum of £15k) better than paying 100% of the first £35k (ie. £35k)? It's not. If that was a rhetorical question, you obviously missed the part where I put "I think" and "I could be wrong". Link to comment Share on other sites More sharing options...
sarahc Posted September 15, 2008 Share Posted September 15, 2008 How is paying up to 75% of the first £20k (ie. a maximum of £15k) better than paying 100% of the first £35k (ie. £35k)? It's not. If that was a rhetorical question, you obviously missed the part where I put "I think" and "I could be wrong". Did you enjoy your massive poo? Link to comment Share on other sites More sharing options...
Mission Posted September 15, 2008 Share Posted September 15, 2008 I hope it was safely deposited. Link to comment Share on other sites More sharing options...
Sebrof Posted September 15, 2008 Share Posted September 15, 2008 Which Manx banks are you talking about? Barclays? Lloyds? HSBC? IOM Bank (prop: RBS)? Are there any Manx banks? S Link to comment Share on other sites More sharing options...
Theodolite Posted September 15, 2008 Share Posted September 15, 2008 . . . . and need to go for a massive poo right now. When I work on contract on an hourly rate I always try to incorporate my bog visits during work time so that I can evaluate exactly how much I got paid for taking a dump. Link to comment Share on other sites More sharing options...
Jimcalagon Posted September 15, 2008 Share Posted September 15, 2008 When I work on contract on an hourly rate I always try to incorporate my bog visits during work time so that I can evaluate exactly how much I got paid for taking a dump. That's common with contractors, in my experience. Curiously enough they are all still full of shit though. Link to comment Share on other sites More sharing options...
shasto100 Posted September 15, 2008 Share Posted September 15, 2008 Which Manx banks are you talking about? Barclays? Lloyds? HSBC? IOM Bank (prop: RBS)? Are there any Manx banks? S Is the IOM Bank owned by RBS? When was bought out? The IOM Bank was created on 26/10/1865. Link to comment Share on other sites More sharing options...
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