- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

But we're talking about a simple deposit account here.

Does anyone keep more than £100k in a simple deposit account?

The higher the guaranteed deposit limit, the more the government has a responsibility to manage and regulate the banking sector.

You can't have a free-wheeling market without oversight and expect government support to be unlimited.

Well - apparently in fact you can. But you shouldn't be able to.