Which Banks own which others??

jollyme

Just heard on TV that the £35000 limit we all talk about does not mean that we can have £35k in nat west AND £35 & in Bank of Scotland (I think it was) as one owns the other. It would be helpful to have a single list showing who owns what - can anyone help ??

MattHudson

[FONT=Arial,Helvetica,sans-serif]Which savings providers count as one financial institution?[/FONT]

Abbey (1)
Alliance & Leicester

Bank of Ireland (2)

Barclays
Bank of Scotland (3)
Birmingham Midshires (3)
Bradford & Bingley
Cahoot (1)
Capital One
Chelt'ham & Gloucester (8)
Citibank
Clydesdale Bank (4)
Co-operative Bank (5)
Direct Line (6)
Egg
First Direct (7)
Firstsave
Halifax (3)
HSBC (7)
ICICI
ING Direct
Intelligent Finance (3)
Kaupthing EDGE
Landsbanki (Icesave)
Liverpool Victoria
Lloyds TSB (8)
Nationwide
Natwest
Northern Bank
Post Office (2)
Royal Bank of Scotland (6)
Saga (3)
Sainsburys
Scottish Widows
Smile (5)
Standard Life
Tesco
The AA (3)
Virgin Money
West Bromwich
Yorkshire Bank (4)

[FONT=Arial,Helvetica,sans-serif]Last Updated: Mar 08. This table was compiled by checking the FSA registration number of each bank on their websites, and is based on the FSCS definition that each independently registered institution receives the £35,000 protection.[/FONT]

jollyme

Thanks so much for the speedy response

jollyme

Natwest were definately mentioned as being part of Royal bank of scotland though

lucy_martin_2

My ex-partner is in banking/finance/public accounting - I suggested Kaupthing Edge and he told me to stay well away - Icelands' economy is in a nosedive and that is why they can offer such good rates. Just proceed with caution was his advice.

ginvzt

Have a read here:
http://www.moneysavingexpert.com/savings/safe-savings#whatcounts

ginvzt

Why every day we see people talking against Kaupthing Edge????? It is still protected in UK!

purch

we can have £35k in nat west AND £35 & in Bank of Scotland (I think it was) as one owns the other

Natwest were definately mentioned as being part of Royal bank of scotland though

Royal Bank of Scotland and Bank of Scotland are different Banks

alanq

RBS and NatWest belong to the same group but the two banks are registered separately within the FSCS.
"Yet if you had money in the Royal Bank of Scotland, NatWest and Tesco, which are all part of the giant RBS banking conglomerate, you would be separately protected in each of them."
http://www.moneysavingexpert.com/savings/safe-savings

It may still be worth avoiding banks in the same group in case the situation changes. For example Cheltenham & Gloucester is owned by Lloyds TSB. Until recently it was registered separately but now it isn't.

Cozworth806

ginvzt wrote: »

Why every day we see people talking against Kaupthing Edge????? It is still protected in UK!

Do you want to wait 6 months to get you money, and is it covered partly by Iceland or the EU scheme so you have to apply twice, lot of hassle for extra interest

Davesnave

Cozworth806 wrote: »

Do you want to wait 6 months to get you money, and is it covered partly by Iceland or the EU scheme so you have to apply twice, lot of hassle for extra interest

Kaupthing is a Full member of the FSCS scheme; it is Icesave where the scenario you are talking about applies.

It is all in Martin's article:

http://www.moneysavingexpert.com/savings/safe-savings

There is enough rumour floating around already, so do us a favour & check your facts before posting.