Worried about your Kaupthing Edge savings?

As the article 'ING now owns both Kaupthing Edge and Heritable Bank. We tell you why it is safer than both RBS and HBOS.' explains - you shouldn't be.

I notice a lot of people are trying to withdraw their money from what is now essentially ING, maybe being not quite sure of what the situation is, and maybe moving their money into banks that would actually be regarded as less safe, so I thought it'd quite a good idea to bring this point onto the board.

Okay, I'll admit you can't say that any bank is completely safe in this climate, but if you check the CDS ratings at the moment, you'll see that ING is actually in a much stronger position than the majority of UK banks at the moment, especially safe compared to the previous CDS of Kaupthing Edge.

Here are some figures from the 'Spot Banks Before They Go Bust!' article:

Landsbanki    3,006.7
Kaupthing     2,408.9

HBOS          278.0
RBS           273.5
Barclays      234.1
Lloyds TSB    161.7
ING           153.0
Santander     105.6
HSBC          97.2

As you can see, ING, thus Kaupthing Edge are in a very strong position at present.