And indeed state guaranteed deposits are not covered against every risk. FDIC and the UK equivalent for private deposits in banks only covers up to GBP 100K or

And indeed state guaranteed deposits are not covered against every risk. FDIC and the UK equivalent for private deposits in banks only covers up to GBP 100K or USD 250K (or at that level) anyway - good luck getting your millions of dollars back from the government when a bank collapses.