I wonder if someone can advise me whether the UK government's
guarantee of the first £30,000 (?) savings with a bank also applies to
cash held with a share trading company nominee account.
When I use a nominee share trading company, such as selftrade, I
believe that my shares are protected against a collapse of the
company. However, what about the cash that they are holding on my
behalf? Is that protected better than at a bank, worse than at a bank
or the same as at a bank?
- posted 12 years ago