ING, the Dutch bank, became the latest foreign bank to send a shiver down savers' spines when it announced that it is to receive an £8 billion cash injection from the Dutch Government.

Although ING insists that this is a precautionary measure, savers are understandably jittery after the upheavals involving Icelandic banks in the past couple of weeks.

Here Times Money answers your questions about the state of play for savers with foreign-owned banks.

I have money deposited with ING. What happens to my savings if the bank goes bust?

ING (UK) subscribes to the same so-called top-up compensation scheme for foreign banks that applied to Icesave. In most cases this means that the UK tops up the less generous foreign compensation scheme to the UK maximum of £50,000 per person per bank. But since the Dutch scheme is more generous than the UK's, depositors are covered in full for the first €100,000 (£77,000). In addition the Government has made it clear that it does not intend to allow UK-based savers to suffer any loss, so it would probably step in if necessary.

My savings were with Kaupthing Edge, which was taken over by ING. What is my position?

You will have exactly the same protection as other depositors with ING. So, too, will savers with Heritable Bank, which has also been acquired by ING.

I was with Kaupthing Singer & Friedlander, another part of Kaupthing. What can I expect?

There is good news for you. Though the bank was placed in administration, the UK Government has stepped in to guarantee all UK savers' deposits, even if they are above the normal £50,000 maximum covered by the UK compensation scheme.

I had my money with Icesave. What's happening with my cash?

It was announced this month that the UK Government is stepping in to ensure that no saver loses out after Landsbanki, Icesave's parent company, was put into receivership in Iceland. The Financial Services Compensation Scheme (FSCS) is working with the Treasury and the Icelandic authorities to put together a rescue package and reimburse savers. Details have yet to be announced, but it is expected that the FSCS will send letters to Icesave customers soon.

I am a saver with Landsbanki Guernsey. Where do I stand?

Landsbanki Guernsey is in administration. Guernsey banks are not covered by a protection scheme and the UK Government has given no indication that it will bail out savers with Guernsey accounts. Deloitte and Touche, the administrator, has announced a part-payment to depositors of 30p in the pound, with the prospect of more to follow. Details of how to claim will be announced soon.

What about people with other offshore accounts, such as Kaupthing Isle of Man?

The company is in provisional liquidation. The Isle of Man Government is planning to spend up to £150 million to part-compensate savers but the UK Government has given no hint that it will help.

If I want to be totally safe, where is the best place for my money?

The safest places to put your money are National Savings & Investments and Northern Rock, which was taken over by the Government in February. In both cases the Government guarantees every penny of savers' money.

Case study: Relief after Icelandic fright

Paul Dickinson and his wife, Lynsay, feared that their life savings were lost after they tried - and failed - to withdraw money from two Icelandic banks.

Mr Dickinson, a marketing manager from London, says: “We had sold our house in Scotland and most of the money was with Icesave. Over the first weekend in October I sensed that something might be wrong and tried to make an online withdrawal. The next day Icesave accounts were frozen.”

A couple of days later he tried to withdraw a five-figure sum from his Kaupthing Edge account, again unsuccessfully. “In both cases we were fortunate,” he says. “The UK Government has guaranteed Icesave depositors' money and ING took over Kaupthing Edge. In any case, we finally got our money out of Kaupthing ten days later.”