We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Northern Rock
ToryBoy2125
Posts: 1 Newbie
I've just opened a Northern Rock e-Saver account and the T&C clearly states that the FSA protection is applicable to the first £35,000 and yet the article on this web site clearly states that there is no limit.
Who is right?
"Northern Rock is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Payments under the Scheme are limited to 100% of the first £35,000 of a depositor's total deposits with the bank. Most depositors, including individuals and some small firms are covered. The scheme limit relates to each depositor for their combined deposits held with Northern Rock and not for each Account. Further details of the scheme are available on request."
Who is right?
"Northern Rock is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Payments under the Scheme are limited to 100% of the first £35,000 of a depositor's total deposits with the bank. Most depositors, including individuals and some small firms are covered. The scheme limit relates to each depositor for their combined deposits held with Northern Rock and not for each Account. Further details of the scheme are available on request."
0
Comments
-
Its government owned, 100% of savings are protected at the moment whilst under governemnt control.Liquidity is when you look at your investment portfolio and **** your pants0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards