It looks like 20 million savers are likely to be affected by the takeover by Lloyds of HBoS ( Halifax and Bank of Scotland ).

But what does it really mean to you and is your money safe? Who is likely to be affected ?

Well if you have less than £35,000 you will be fine HBOS is a monster bank, but if you have more than £35,000 you need to know that :

HBoS subsidiaries,
Halifax
Birmingham Midshires building societies,
Bank of Scotland,
Intelligent Finance

but what if you have savings in

Sainsbury’s
the AA
Saga.

If the sum of your wealth is great than £35,000 in the above companies you might want to spread it around a little, but should you be standing outside any of the HBoS branches, I don’t think think they are really really top big to fail, but then again I’m a Leeds United fan and I said we were too big a club to go down, if any one see Ken Bates opening a Hbos account let me know…

DaveN