10/09/2008

Home Safe Sales Soar As Trust In Banks Collapses

Are you safe?
Financial crisis: Home safe sales soar as trust in banks collapses
Worried savers are taking their cash out of banks and investing in home safes in an attempt to beat the current banking crisis.

Sales of household safes have soared as the ongoing economic downturn has seen the markets collapse and banks pushed into hasty mergers.

Russ Reader, managing director of Leigh Safes said: "It's simple, if there is a lack of confidence in banks buy safes and put the contents on their home insurance.

"We've seen a 25 per cent increase in sales and inquiries over the last four weeks, in particular for higher-grade safes that insurance companies approve for larger sums."

Safe companies claims sales began to rise following the troubles with Northern and Rock and increased again following the Bradford and Bingle
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