Following the collapse of US bank, Bear Stearns and the uncertainty caused by the 'credit crunch', Uk Money Saving Expert, Martin Lewis, has written some timely advice for UK savers in his email newsletter which is out today:
'Bank collapse was once easy to dismiss - then the credit crunch bit, global market turmoil hit, and logic was turned upside down. The UK government soon found itself bailing out Northern Rock; and not long after similar treatment by the US authorities followed for even bigger bank Bear Stearns. Add to this the Farepak debacle and every sensible saver should be asking themselves, "Is my money safe?"
If you have any worries about your savings, Martin has written an article about this subject which contains a full savings safety-check up and Q&A, showing you how to ensure you're protected, how to maximise your safe savings, and the pitfalls to avoid. Find the article on his website at www.moneysavingexpert.com.
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