Tip: check your bank's credit rating

As we are in a period of significant credit risk (sovereign debt crisis, following a bank's crisis), it is necessary to check the credit worthiness of the institutions that you lend money to. So if you plan to put money in saving's account, don't only check the interest rate they offer you but also the bank's credit rating for the probability that you won't get your money back. This credit rating can be found in sites like BankCreditRatings.co.uk for the United Kingdom.

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  1. Cyrille_UKNovember 30, 2016 at 5:47 PM

    Reviewing this short article, I wish Cyprus savers had listened to me in 2013. Indeed, as part of the international bailout (https://en.wikipedia.org/wiki/2012–13_Cypriot_financial_crisis) , there was a levy on all uninsured bank deposits in the country's banks...

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