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MSE News: Northern Rock scraps 100% savings guarantee

Former_MSE_Guy Posts: 1,650 Forumite

24 February 2010 at 9:14AM in Savings & investments

This is the discussion thread for the following MSE News Story:

"New accounts will have the standard £50,000 per person protection. Existing savers will gradually move to that level ..."

Read the full story:

Northern Rock scraps 100% savings guarantee

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Comments

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  equitydealer Posts: 354 Forumite

  

  24 February 2010 at 11:12AM

  The bank will still be 100% owned by the UK Government for the time being so the risk losing anything above £50k+ is fairly remote!

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  cottager Posts: 934 Forumite

  24 February 2010 at 11:10PM

  Nothing much different, but Telegraph article here:
  http://www.telegraph.co.uk/finance/personalfinance/savings/7308520/Savers-expected-to-move-large-sums-of-money-out-of-Northern-Rock.html

  ~cottager

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