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savings query

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highfield | 20:29 Fri 10th Apr 2009 | Personal Finance
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I have some money I want to invest but the best rates seem to be with companies in the same group, i.e. SAGA & BIRM'HAM MIDSHIRES that I already have savings with.
I am aware of the �50,000 compensation scheme & my total savings are in the region of �20,000.
If the group collapses would I get the FULL amount back or just the amount in one of the companies?
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You would get the FULL �20,000.
Question Author
Thank you Ethel, I hoped that was the answer.
This Martin Lewis article clarifies things.

http://www.moneysavingexpert.com/savings/safe- savings#whatcounts

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