Do your duty-savers,support UK institutions.!

Short_Seller

According to the pundits on the business channels Nationwide is in a very strong position after seeing a significant increase in retail based deposits during these troubled few weeks.

Pssst

Short_Seller wrote: »

According to the pundits on the business channels Nationwide is in a very strong position after seeing a significant increase in retail based deposits during these troubled few weeks.

Yes...that'll be me moving my substantial deposits with ING back to my Nationwide accounts where its a little closer to home.

Sapphire

Rafter wrote: »

If you are really worried about where your money is invested then look for ethical banks like the co-op or UK building societies who don't do much except take in savings and lend it out as mortgages.

You could also look at national savings or northern rock where your money helps fund the UK government.
R.

This is exactly what I have done – my money is split between afore-mentioned type of building society, Nationwide and NS&I.

I have always avoided putting money in any foreign bank, no matter how high the interest.

I also simply cannot bring myself to put anything into the large banks with shareholders who are being given handouts of taxpayers' money after their abysmal, reckless behaviour and the appalling greed they practised with their bonuses during the last few years. :mad:

margaretclare

shellbell63 wrote: »

I agree - never been a better time to buy British.

However would the likes of B & B, Abbey & A & L come under 'supporting UK institutions' now that they are under Santander umbrella?

No!!!!!!!!

Short_Seller

The French Bank BNP Paribas is now regarded as the strongest European retail savings bank since it bought Fortis retail deposits..