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Where Should We Put Our Money?
The_Fiddler_2
Posts: 565 Forumite
Where should we put our money so that it is safe and we can sleep at night. Which banks or building societies are best at the moment.
Noobie (not so 
) trying to make loads a dosh - please bear with all my questions :beer: Thanks
) trying to make loads a dosh - please bear with all my questions :beer: Thanks 0
Comments
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under the mattress0
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It seems that Nationwide Building Society and the Co-operative Bank are considered to be the 'safest' independent U.K. organisations to deposit your money with at the moment... Northern Rock will also be extremely safe since it is has been under Government ownership for a year or so now, but I think the bank is currently the amount of cash you can deposit wit them as a new saver (?)
http://www.nationwide.co.uk/default.htm
http://www.co-operativebank.co.uk/servlet/Satellite/1193206375355,CFSweb/Page/Bank
http://www.northernrock.co.uk/0 -
There was a report saying that demand for springs is a good indicator of the state of the economy.bartsimpson wrote: »under the mattress
Now we know why.0 -
Stick it in NS&I; For real peace of mind for 5 years try the 5 year rate linked account. This pays around 1% above inflation for 5 years.
So, it's 100% protected (by way of being treasury backed) and your savings are free from inflation.
Oh, and it's also tax free.0
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