credit crunch

[alison43331]

HI

I don't know whether you could help to put my mind at rest. I really hope so!!!

I have been reading in the news about the fears for Halifax/ HBOS and I am at a loss to know what to do for the best.

I moved a substantial amount of money from a bad investment Portfolio in Barclays in January 2008, and was advised by a Financial Advisor in HBOS invest the whole lot in an HBOS year bond. This amount of money is considerably more than the �35,000 gvt guarantee limit for savings. Does this limit also apply to bonds?

I have been trying to spread my money around for a long time, but this money is tied up and I am unable to move it until next January 2009. I also have other savings (much less than �35, 000) in Halifax (Another bond due to mature in Feb 2009) and HBOS.

Please please please can you help. I have tried to seek advice from the Bank itself, but nobody is giving me any straight answers to my questions.

Thanx

[R1Geezer]

Don't worry, no government would allow a high st bank to go bust, it would be the end of civilisation as we know it. No bank would be safe we'd all rush to get our money out, most would not get it. Riots civil unrest, army on the streets, too horrific to contemplate, far more serious than a nuclear war.

anyway Looyds are taking over HBOS, you'll be fine.