Savings with B&B

agrima

I have saving with B&B in a fixed rate account for 2 years which matures in 2010. How will this be affected and is there anything I can or need to do about it?

Milarky

Existing contractual terms - interest rate and maturity - should be honoured and the 'guarantee' is covered by Santander - whose deposit 'customers' all existing B&B savers become.

[You don't need to take any action...]

baby_boomer

This deal also strengthens Santander , who are responsible for all the savings at Abbey, Alliance & Leicester and now B&B.

You would only need to take action if your combined savings at these institutions came to more than £35K so that they were above the FSCS ceiling.