Sunday, 5 October 2008

Learn to walk before you run

Definition:
Walking - transferring savings from a deposit account in a high street bank to another bank perceived to provide greater security. Nationalised banks, post office accounts and foreign banks (esp. Irish) have all seen increases in new accounts.
Run - withdrawing savings in cash from a deposit account in a high street bank.

Brits rush to 'guaranteed' banks

No rush... only the wealthy out 'walking'!

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