Best Place for my savings now?

EagerLearner

Hmmm, must call B&B today to check that 'issue'... issue! In any case hopefully if I do get the money into B&B they could still change it to the new 'issue 3' one quite swiftly.

Not looking at ISA's just yet until I know what's what - but good to know re Scottish Widows as I need one that takes transfers in, as my allowances are all used up.

echelon101

Any reason not to go KE since they are protected by ING?

EagerLearner

Personally, I would feel scared of anything linked to ING at the moment - there are more rumours about the Dutch now here on MSE, could be true may not be. Research it, I don't want to be scaring anyone! My own decision has been to move money down from ICICI and if I did have any other accounts abroad I would move them down.

Lynt_3

Any new news on citigroup? (got savings in Egg).
I have looked around, but can't find anything (that I can understand! :rolleyes: )

I'm thinking of moving to Post Office til things calm down.

Lyn

Gwhiz

Don't forget the Irish Banks are now 100% guaranteed!

blondieleopard

hi eagerlearner,

glad your icici stash has come thro...I am awaiting mine...£35k...from transfer last Monday....
rang them yesterday to see what has happened to it....they said would be in my linked acct overnight...
NOTHING...this morning..
however, just received email from them saying that would be one day late..very sorry and will credit me with £50.....

wow...someone giving me money instead of nicking it...
won't be quite sedate tho until see it all in my acct...putting in B/B 3 acct...

keeping NO MONEY outside UK....NOT EVEN ING....

amistupid

If holding interest rates was the Bank of Englands way to limit inflation, will the forced interest cuts cause inflation to soar, or is that just far too simplistic. I have been considering £15,000 of NS and I Indexed-linked Savings Certicates, 1% above RPI at 4.80%. Which unless I'm mistaken 5.8% tax free and 100% protected.

lynn2

EagerLearner wrote: »

Personally, I would feel scared of anything linked to ING at the moment - there are more rumours about the Dutch now here on MSE, could be true may not be. Research it, I don't want to be scaring anyone! My own decision has been to move money down from ICICI and if I did have any other accounts abroad I would move them down.

I was thinking of moving my ICICI money to ING.......why are they dodgy?
They are listed here as a UK bank

http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=453074&in_page_id=7

~Chameleon~

lynn2 wrote: »

I was thinking of moving my ICICI money to ING.......why are they dodgy?
They are listed here as a UK bank

http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=453074&in_page_id=7

They're not backed by the FCSC, relying on the Dutch compensation scheme, in the same way Icesave relied on their own scheme and look what happened to them

FWIW, I've just moved all my money out of KE and ING accounts.

chris1

amistupid wrote: »

If holding interest rates was the Bank of Englands way to limit inflation, will the forced interest cuts cause inflation to soar, or is that just far too simplistic. I have been considering £15,000 of NS and I Indexed-linked Savings Certicates, 1% above RPI at 4.80%. Which unless I'm mistaken 5.8% tax free and 100% protected.

Apparently you actually get 1% plus whatever inflation is in a year's time on the anniversary, and on the anniversary after that (etc) not month-by-month inflation rates.