Last month, the economy of Iceland began to wobble, which caused leading Icelandic banks Kaupthing and Landsbanki to fold. . . .Once again, the UK government stepped in, guaranteeing that British savers would not lose a penny. (Are you starting to see a pattern here?). . . .

. . . So, in one respect, saving has indeed become unsafe -- because one group of unfortunates has lost out and has yet to receive government backing. In my opinion, until this happens, saving can no longer be considered 100% secure! Motley Fool UK website - 14-Nov-08.

http://www.fool.co.uk/news/your-money/savings/2008/11/14/when-did-saving-become-unsafe.aspx