How safe is your money?
Updated on 10 October 2008
More than one in ten people are considering withdrawing their savings from banks in the wake of Britain's financial crisis, a Channel 4 News poll has revealed.
The ICM survey of more than 1,000 savers found that 13 per cent are thinking about taking out their cash, while three per cent already have.
Gordon Brown's hopes that his £500bn bailout of Britain's banks would restore confidence have also been dashed, as the poll reveals that 45 per cent of savers think their cash is "less safe" than a year ago.
Download full results
You can see the full results of the Channel 4 News poll here.
Download: credit crunch poll (.pdf file).
Nick Sparrow, of ICM, said: "While very few people have, at present withdrawn savings from banks and building societies, a total of 16 per cent have either done so or have (or are) seriously considering doing so.
"That may not be a significant percentage on its own, but it is the sort of percentage that may encourage panic among others. Hence the importance of guaranteeing deposits in banks and building societies.
"With 45 per cent of people now feel less safe than a year ago, and only six per cent feel more financially secure, a massive decline in confidence that must have an impact on confidence to borrow and spend in the immediate future. Women are more pessimistic than men."
Missing Icelandic savings?
Channel 4 News has been contacted by several people with deposits in Icelandic banks, who say their cash appears to have vanished during the process of transferring their money to UK accounts.
Our money reporter Bridgid Nzekwu explains more:
