Buckwheat

I've recently put some savings in a one year high interest bond. My question is, are bonds - as distinct from regular savings accounts - covered under the governments £35,000 guarantee?

Not that I'm panicking or anything......

Petem95

The 35k cover is per bank - doesn't matter what sort of account the money is in. You could have 35k in Leeds BS bond or 35k in a Leeds BS savings account and either way it's covered.

Remember a lot of banks are part of the same "group" - so you need to make sure you don't find you have loads of money with banks which are actually all part of the same group as it's treated as the same bank.

Buckwheat

OK, thanks for that.

john banks

If you were planning to go for the ICICI 7% 1 year fixed product, the rate is being reduced to 6.75% on 24/6/8 IIRC from the email they sent.