Active discussions

Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Talk
Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Original poster

Is the co-op bank safe re: covid-19?

2 replies

Blueceramic · 17/03/2020 11:59

I am with the co-operative bank and have savings account there. I switched to the co-op years ago when it has a reputation for ethical banking which is now somewhat diminished.

I am happy to keep my current account with them but wondering if I should move my £2000 savings into premium bonds for the time being? I'm just worried that if the economy tanks I could lose what little I have!

OP posts:
irregularegular · 17/03/2020 12:03

Bank accounts are protected up to 85k by FSCS www.moneysavingexpert.com/savings/safe-savings/

Original poster
Blueceramic · 17/03/2020 12:16

@irregularegular, thanks for that was worried that it things got really bad I'd lose it and have nothing. Still a bit worried as this all seems so unknown but I guess my current situation is as safe as the premium bonds!

OP posts:
New posts on this thread. Refresh page