Originally Posted by
skid
With all this talk of banks it may be relevant to bring up the subject of ''cover bonds'' again---Those who have bought them (mostly Europeans)are actually ahead of depositors in the cue for payout if things did (god forbid)get serious.
Hard to believe they could actually sell rights over your money in the bank.
If my term deposit matured now instead of a month ago -I think I would have kept the dosh on call or maybe even Kiwi bonds.
Im starting to toy with the idea of shifting to smaller banks like TSB or Co operative,with less overseas exposer--less assets though----any thoughts anyone?