Why has my bank not been mantion during this current crisis?

Lokolo

ShelfStacker wrote: »

6.25% e-ISA is top of the table

If HSBC now go bust I will blame you if I lose my £150k in the bank! (btw this is a mickey take out of people having a go at Martin for saying Icesave had the best rate and now 'lost' money)

ShelfStacker_3

Lokolo wrote: »

If HSBC now go bust I will blame you if I lose my £150k in the bank! (btw this is a mickey take out of people having a go at Martin for saying Icesave had the best rate and now 'lost' money)

To be honest by the point that HSBC go under, senility would have taken its hold on you and you would remember neither me nor your £150k.

FWIW, anecdotal, but there's been a *huge* influx of both new savings business and applications for Premier (quasi-private banking for people with over 50k of savings with the bank). Apparently people being scared silly is good for business

jerrymind

y0z2a wrote: »

I know that this might seem like a rather odd question to ask, but why has my bank - HSBC not been mentioned during this current banking / finance crisis?

Are they in that good a shape? They blooming should be with the amount that they change my partner and I when we go overdrawn by £2 or something stupid.

What is the story here? Are they in great shape?

/y0z

Good question, if they are in a good shape then it could be a " A bank with a mission" to serve their customers.

Have a savings account to secure your future.

michaels

ShelfStacker wrote: »

6.25% e-ISA is top of the table (or at the least close to it, was last I checked), then there's the 8% Regular Saver for current account holders, 10% if you have Plus or Premier... hardly uncompetitive. Remember not topping the table 100% of the time isn't "uncompetitive"...

6.25 isa for new money only and a regular saver with what 250 per month max limit - not exactly pulling in loads of cash - how about an account you can put a decent balance in to? - but as commented below there is a flight to quality so just like NR they can get away with lower rates for the increased security.

ShelfStacker_3

michaels wrote: »

6.25 isa for new money only and a regular saver with what 250 per month max limit - not exactly pulling in loads of cash - how about an account you can put a decent balance in to?

5.75% High Interest Deposit Bond, fixed for term of 12 months (5.5% for 6 months)? Not top, but guaranteed regardless of the base rate.. Up to £49,999 in one bond at once and you can have more than one.

MrOrchard

Slight hijack, but Natwest also haven't been mentioned, however their parent company, Royal Bank of Scotland, is all over the Wall Street Journal this morning as being a little unsteady on it's feet.

Any insights from anyone?

Floxxie

Natwest is part of the RBS Group so included in RBS comments.

MrOrchard

Floxxie wrote: »

Natwest is part of the RBS Group so included in RBS comments.

where might I find them?

michaels

ShelfStacker wrote: »

5.75% High Interest Deposit Bond, fixed for term of 12 months (5.5% for 6 months)? Not top, but guaranteed regardless of the base rate.. Up to £49,999 in one bond at once and you can have more than one.

IE 1% less than most other UK banks are having to offer which is a pretty big saving on risk premium. A nice virtuous circle, to be the ownly trusted bank allows you to offer lower rates and still attract cash and therefore you become even more trustworthy. Interesting they have been sitting on the sidelines and letting the other banks fail rather than steping in despite probably considerable political pressure. I suspect if / when HSBC do call bottom they will have their pick of prime assets at next to nothing prices - the fact that they haven't yet means there is worse to come I fear.

BYALPHAINDIA

y0z2a wrote: »

I know that this might seem like a rather odd question to ask, but why has my bank - HSBC not been mentioned during this current banking / finance crisis?

What is the story here? Are they in great shape?

/y0z

There is in fact 'No' major Financial crisis, It's all Media Spin regarding the failures of the Halifax & the Bradford & Bingley.

HSBC have not been mentioned because there is 'No' crisis at HSBC.

As I have said before, The reason the Halifax & the Bradford & Bingley went under was because they were 'C**P Banks, Banks that had provided years of poor customer service, As opose to LTSB A&L etc who have exemplerary records.

So your answer is = 'Nothing Undue To Worry About':T