| Quote: | |  | |
| Depositor protection. I recently asked UBS about this.
Current accounts and money market accounts. Basically nothing/peanuts, most of these limits were set when they were a reasonable
Investment funds. Depends but mostly the assets are not in the custody of the bank but of the respective fund vehicles, so it is rather the solvency of those than the bank you would need to worry about.
Daniel | |
| | |
I was under the impression , current and saving accounts are in the custody of the bank and bonds/money market accounts are invested outside and hence they do not depend totally on the safety of the bank. Can you please elaborate your input more in order for me to understand better.
Thanks in advance for your useful input.