RE: Savings rates now at 9%9 Jun 2023 11:18
Hardup
Maybe for credit union or very small financial institution, certainly not in the event of a major high street bank going bust, compensation could run into the hundreds of billions pounds, firing up the BoE money printing presses overnight to compensate savers on that time scale would send UK Bond International money markets into a tailspin, its simply not going to happen.