Looking at putting my money with a branch of a UK bank. If its in a joint account any amount up to GBP100k is fully guaranteed by the UK government (50k for a single account). As this more than covers what I have to put on deposit I don't see any issue? Any opinions?
The compensation limit of £50,000* applies to each depositor for the total of their deposits with an organisation, regardless of how many accounts they hold or whether they are a single or joint account holder.