Is it safe to save in Northern Rock

ruddoug09

Would people recommended putting savings with Northern Rock at the minute, I've heard it is one of the safest places at the minute with it being government owned, but wante dto know what people thinik?

We'd be talking anywhere up to the £35k limit but not sure how much to put in there.

Any help would be gratefully received!

isofa

Yes perfectly safe, search the forums for many posts on the subject.

tessie_bear

im sure its as safe as it gets but is the interest rate any good ?

Stavros_3

1) They are 100% protected up to the maximum amount of 250k
2) The sneaky little gits have just reduced their savings rates by a quarter of 1% (Even though the B.O.E haven't reduced the interest rates) because they can do as thousands of savers sought sanctuary (including me)
3) They can F.R.O and I have in the last week removed 100k on that principle, the greedy, un-loyal gits that that are
There I feel better now

RayWolfe

tessie_bear wrote: »

im sure its as safe as it gets but is the interest rate any good ?

Oh! So you want 100% safety and the best rate? Don't want much, do you?

clairehi

NR's e-saver account is "currently unavailable" at the mo, according to their website. I wonder if they are reaching their limit for deposits?

Money_Grabber13579

The last time I looked fixed rate bonds were 6%, while not an excellent rate, it's not that bad either! And are all deposits not protected in NR?

ruddoug09

Thanks for the help folks, will pass it on to the wife who is looking to reduce some risk!