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EU limits mean the compensation you receive if your bank crashes has been cut by...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-95","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1x","jetpack-related-posts":[{"id":35186,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fscs-protection-set-to-be-revised-back-up-to-85000\/","url_meta":{"origin":95,"position":0},"title":"FSCS protection set to be revised back up to \u00a385,000","date":"November 21, 2016","format":false,"excerpt":"\r The Brexit referendum has caused a \u2018structural shift\u2019 in the pound-euro exchange rate, says the Bank of EnglandThe protection threshold on savings is set to be restored to \u00a385,000 following the collapse in the value of the pound prompted by the UK\u2019s decision to leave the EU.British banks and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127538,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-my-home-sale-proceeds-be-protected-in-my-bank-account\/","url_meta":{"origin":95,"position":1},"title":"Will my home sale proceeds be protected in my bank account?","date":"July 4, 2022","format":false,"excerpt":"\r Conveyancer will only deposit funds into one account and I may need time to divvy it up elsewhereQ I wonder if you can help me. I will shortly receive the proceeds from the sale of a second home and am concerned that the funds will not be protected when\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128530,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-should-we-do-with-the-money-we-will-have-left-after-paying-off-our-mortgage\/","url_meta":{"origin":95,"position":2},"title":"What should we do with the money we will have left after paying off our mortgage?","date":"August 8, 2022","format":false,"excerpt":"\r We are selling our flat to move to a different city but I am scared of losing our assets in the event of a banking disasterQ My husband and I are selling our flat to move to a different city. We\u2019ve accepted an offer but there is nothing currently\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149406,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-the-bank-of-england-interest-rate-cut-mean-for-mortgages-and-savings\/","url_meta":{"origin":95,"position":3},"title":"What does the Bank of England interest rate cut mean for mortgages and savings?","date":"February 6, 2025","format":false,"excerpt":"\r Decision will lead to lower borrowing costs for those on trackers \u2013 but fixed-rate deals will stay the sameBank cuts interest rates to 4.5% and halves UK growth forecastUnambiguously bleak forecasts pave way for spending cutsBusiness live \u2013 latest updatesThe Bank of England has cut interest rates from 4.75%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123849,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-the-interest-rate-rise-means-for-your-mortgage-debt-and-savings\/","url_meta":{"origin":95,"position":4},"title":"What the interest rate rise means for your mortgage, debt and savings","date":"December 16, 2021","format":false,"excerpt":"\r The lowdown on how the Bank of England decision will affect borrowers and saversThe Bank of England has increased interest rates to 0.25% from the historical low of 0.1% in an attempt to tackle rising inflation in the UK, but what does that mean for the public? Continue reading...\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21985,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-will-the-bank-of-englands-interest-rate-cut-mean-for-you\/","url_meta":{"origin":95,"position":5},"title":"What will the Bank of England's interest rate cut mean for you?","date":"August 4, 2016","format":false,"excerpt":"\r Also, how one couple lost their life savings to fraudsters, and the renters locked out of home ownershipHello and welcome to this week\u2019s Money Talks \u2013 a roundup of the week\u2019s biggest stories and some things you may have missed. Continue reading...\r \r Source : theguardian.com\r Read more...What will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=95"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEU limits mean the compensation you receive if your bank crashes has been cut by \u00a310,000. You can take steps, but it\u2019s not that simpleIf you are fortunate enough to have quite a lot of cash stashed away in savings, your number one new year\u2019s resolution should be to check whether you are affected by a change to the protection that kicks in if a bank goes bust.New rules took effect yesterday, and the bottom line is that if you have more than \u00a375,000 tied up with one financial institution, you should probably move the surplus to another bank or building society. However, as is so often the case with money and finance, it\u2019s not quite as simple as that. Continue reading…
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\nSource : theguardian.com
\nRead more…Take care, FSCS changes mean your savings aren\u2019t as protected as they were<\/a><\/p>\n