£100,000 One Year Fixed Rate Bond with Nationwide

wkt54

I have the above which is due to expire next month.

I was intending to renew it for another year.

Will it be safe in Nationwide?

Tks

wkt54

I asked this 2 weeks ago.

I'm living in France but will not be getting 6.5% interest or anything near it, if I withdraw £50,000 and put it into my French bank account.

I realise eggs in one basket, but would prefer to leave it in Nationwide.

Prav

If I were you I would spread the money around. Believe me this time a week ago I would have kept it in (thinking the same thing), but I've just been hit by Icesave.

Withdraw and spread around. You can't trust anything any more.

supers

The chancellor is making a crisis rescue package announcement in the morning before the stock market opens at 8am after the banks shares lost loads again today so see what he has to say in the morning news ,that might help you to make a decision.

[Deleted User]

I'd deffo spread it around, better to be safe than sorry.

Stavros_3

wkt54 wrote: »

I have the above which is due to expire next month.

I was intending to renew it for another year.

Will it be safe in Nationwide?

Tks

Who know's. I have the same amount with A/L which matures in January. If they give me the same rate or better for 2009/10 I'll renew with them. At the end of the day the choice is yours, no-one in their right mind will say yes. Its your personal responsibility. Do some proper research then decide. If I listened to some of the new eejits on here I'd put it on a one legged !!!! kicker in the Grand national

maypole

wkt54 wrote: »

I have the above which is due to expire next month.

I was intending to renew it for another year.

Will it be safe in Nationwide?

Tks

Well only £50000 is guaranteed in any one bank.

thrupence

wkt54 wrote: »

I have the above which is due to expire next month.

I was intending to renew it for another year.

Will it be safe in Nationwide?

Tks

I've one of these maturing shortly too. Why not just fill in the form saying that you want a new Nationwide bond for £50,000 and ask them to send a cheque for the other £50,000, and then post that to one of the other Building Societies asking them to open another £50,000 bond.

Easy peasy

aHullKingstonRover

Leave £50,000 in Nationwide and deposit the remaining £50,000 with the Co-operative? Nationwide & Co-operative seem rated as being the 'safest' U.K. building society and bank at the moment.

mdean

Obviously only covered to £50k
but nationwide are solid. No involvement in capital market borrowings, cautious mortgage lending
Suspect there only problem is being awash with cash as we move all our dosh back to dull boring building socs

Milarky

Nationwide won't go bust this week (or next) because then they couldn't take over the Cheshire and Derbyshire as they intend to in January or thereabouts....

[Plan 'B'! : Get yourself a quickie 'mortgage' from Nationwide for 50k less than total tied up savings and take the cheque - every so quickly - to another institution]