Debt advice worry over new banks

Over a third (34 per cent) of Britons are worried that new high street banks won't be as secure as traditional ones, leading to them requiring debt solutions if they fail.

This figure comes from uSwitch.com, who also show that one person in nine (11 per cent) worries that their money wouldn't be protected by the banks, which will be the first new names on the high street for 150 years.

The new banks, including Metro and Virgin, appear to be tarred by the same brush as the traditional institutions, which are still being blamed for financial problems caused by the recession.

Over two thirds (67 per cent) of people polled by uSwitch.com are still angry with the banks for the financial crisis.

This comes a week after the Fair Investment Company revealed that nearly two thirds (61 per cent) of savers thought it was more important that their money was safe, rather than earn a high rate of interest.

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