RE: Neil woodford16 Oct 2019 10:57
@Lamtree. Not true banks are not safe, they maybe safer. But the can and do go bust and you only get up to the FCA guarantee back.
Current interest rate on almost all account are currently negative when you consider inflation rate leading to a "real" loss of capital. That 500k Purchase you were mulling over 5 years ago and could afford, is now 550k but you now only have 525k (assuming 1% interest 2% inflation non compound to make sums easier!)
There is no safe place for money, even cash under the mattress carries risks (robbery, denominations going out of circulation which if you have large amount would lead to interesting conversations with law enforcement if you attempted to change it etc).
Nothing in life is safe its all about risk and reward and getting the balance right, win some/lose some. We all have to hope the wins are greater than the losses.