Birmingham Midshires

Mark_Cooper

Can anyone help I put 100k into BM, anyone know how safe this is, it is in for a year, would I lose any money i I took it out, I was also told that HBOS own bm, how true is this, I'm now panicing as it's not my money it's to pay my fathers homecare fees.

Baldur

I was also told that HBOS own bm, how true is this

Birmingham Midshires is part of the HBOS group, see this table

Mark_Cooper

So things being as they are and lloyds tsb taking over hbos should my savings be safe?

cheekykid

Mark_Cooper wrote: »

So things being as they are and lloyds tsb taking over hbos should my savings be safe?

I would say its a safe bet

Baldur

In the current situation, your guess is probably as valid as mine. Did you read through the full article to which I linked?

Mark_Cooper

I didn't, but will look now. Thanks

Mikeyorks

Mark_Cooper wrote: »

it is in for a year, would I lose any money i I took it out ......

If it's one of the Fixed Term Deposits ('Bonds') - I'm pretty certain BM don't allow early access. But, strangely, they appear to have pulled all such products from their website in the last day or so! So I can't look at the key terms.

Was only looking at their rates mid-week (6.6% postal - 6.7% Web) as the OH has one recently matured with BM (6.91%) ..... and deciding they were now off the pace.