Nationwide, are my savings safe?

loulou41

All of my savings are with Nationwide, I am a bit concerned but my husband told me they should be all right as it is a building society. Should I trust him? We have got a bit of savings between the four of us and the adult children are looking to buy a house, therefore we do not really want to move the money. Thanks

kostigovs

What is/are your concerns

lolly5648

As long as you have no more than £35000 in your name or £70,000 in joint names you will be OK.

libra10

Everyone recommends moving any money above £35000 from any bank or building society. It's difficult though when you have above this figure in Nationwide's 1 year fixed ISA bond.

Decisions, decisions ...

owner

I don't know wether you should trust your husband or not. Does he often go out and not say where he is ? Does he receive a lot of texts but keeps his phone hidden ?

1jim

I would have thought nationwide was a pretty safe bet, they have just bought/taken over the derbyshire building society (because derbyshire were struggling) but these days I guess anyone can "go bust" so would only have the £35000 in each bank/building society just in case

stevetodd

loulou41 wrote: »

All of my savings are with Nationwide, I am a bit concerned but my husband told me they should be all right as it is a building society. Should I trust him? We have got a bit of savings between the four of us and the adult children are looking to buy a house, therefore we do not really want to move the money. Thanks

I think The Nationwide are very safe I have 115k in there tied up for another 6 months and I am not concerned at all, they are as safe as houses (doh!), only joking I will probbaly move my money when the bond matures in 6 momths as long as I find a better place to put it (better rates I mean).

lilac_lady

owner wrote: »

I don't know wether you should trust your husband or not. Does he often go out and not say where he is ? Does he receive a lot of texts but keeps his phone hidden ?

:rotfl: :rotfl: :rotfl:

Plasticman

The Nationwide is in a better position that many - no need to panic. As the previous posters said, if it's under £35k then no wory. If it's over then you may want to think about options for spreading it around. Northern Rock is a pretty secure option these days

Swipe

Including HSBC, Northern Rock and NSandI, I'd have no qualms leaving more than 35K in Nationwide

Ted_Bloke

1jim wrote: »

I would have thought nationwide was a pretty safe bet, they have just bought/taken over the derbyshire building society (because derbyshire were struggling) but these days I guess anyone can "go bust" so would only have the £35000 in each bank/building society just in case

Does that mean you're now guaranteed only up to 35K in Nationwide and Derby combined?