Bradford & Bingley Safe?

[rootsnall]

Why not 50K? Is that not the new limit?

Not yet ! I think the laws that brought it upto 35K 100% covered run out soonish and the new stuff with the 50K limit needs to go thru parliament soonish ( do you like the precision in the answer !? ).

Ireland is 100% covered on everything in a panic measure this week, DOOMED ! Infact UBER DOOMED !

[oracleslave]

I just put 35K in the 6.5% account, I was in the process of opening it last week. I'd say it's a safe as anything else out there. If anybody ends up losing their 35K in a FSA covered bank then it really is bunker and tins of beans time.

Anybody looked into AA, the blurb on the site isn't 100% clear, the deposits are with Brum Midshires ( HBOS ).

Why not 50K? Is that not the new limit?

[rootsnall]

So is Bradford & Bingley now a safe place to put your money? They have a 6.5% account..

I just put 35K in the 6.5% account, I was in the process of opening it last week. I'd say it's a safe as anything else out there. If anybody ends up losing their 35K in a FSA covered bank then it really is bunker and tins of beans time.

Anybody looked into AA, the blurb on the site isn't 100% clear, the deposits are with Brum Midshires ( HBOS ).

[AtW]

The first 35k rule is per institution

Per banking license apparently.

100% of all savers should be protected

[Bagpuss]

Yep, and Santander have confirmed that at the moment they have no plans on changing Abbey's, A&L's, or the B&B registration status at the FSA so the first £35k in each bank is 100% protected by the protection scheme.

The first 35k rule is per institution, so if you had 35k in each, you would only be protected for 35k total because Santander is counted as 1.

[TimberWolf]

So is Bradford & Bingley now a safe place to put your money? They have a 6.5% account..

An interesting supposition was put to the Blair clone on Newsnight tonight. She asked him why, without a guarantee such as that announced by the Irish Government today, people wouldn't just switch to using Irish banks.

[Clippy]

So is Bradford & Bingley now a safe place to put your money? They have a 6.5% account..

Safe as houses!

Err...

[AtW]

I bought one of B&B's "too good to be true" bonds a couple of months ago

Risk taker!

[thunderlizard]

I bought one of B&B's "too good to be true" bonds a couple of months ago and am jolly happy Santander have taken it to their bosom. Go for it I say.

[HeliCraig]

Spanish bank bought savings, Govt took over junk liars self-cert morgages...

Yep, and Santander have confirmed that at the moment they have no plans on changing Abbey's, A&L's, or the B&B registration status at the FSA so the first £35k in each bank is 100% protected by the protection scheme.

[AtW]

Should be pretty safe

Maybe. In terms of safety NR deposits should be safer though everyone will be raped by inflation

[oracleslave]

Spanish bank bought savings, Govt took over junk liars self-cert morgages...

So Santander have the savings accounts? Should be pretty safe if that's the case I would have thought.

[AtW]

So is Bradford & Bingley now a safe place to put your money? They have a 6.5% account..

Spanish bank bought savings, Govt took over junk liars self-cert morgages...

[shoes]

So is Bradford & Bingley now a safe place to put your money? They have a 6.5% account..