Savings Risk

[meridian]

So, given the uncertainty over Northern Rock, I feel the need to spread the risk a bit.

I've come across these "fixed rate bond" things. Are these bonds safer than a normal savings account? Or are they subject to the same 35K limit threshold as well?

NS&I seem to guarantee them 100% as they're "backed by the Treasury".

[Sockpuppet]

NS&I are the government. If they lose your money we really all are fooked.

[Troll]

No need to panic...safe as houses, all guaranteed by the BoE which of course is backed by those tonnes of gold bullion sat in its vaults... ...wait a minute..