Is ICICI Bank safer than Anglo Irish Bank....?

natman

HI.

I had three savings accounts 6 months ago -
1. ICICI
2. ICESAVE
3. Kaupthing edge -
:eek:

I have vowed never to be in this boat again - Even though i am fortunate to have been provided with my money back - i have horrible feeleings with foreign type banks. I know the UK banks has its fair share of ups and downs, but i feel safer my money is in this country, supported by this countries government.

I have therefore pulled my money from these accounts and opened up UK ones.
I feel tonnes better

savetilibleed

Baldur wrote: »

There are slightly better rates available from UK banks/building societies - http://www.moneyfacts.co.uk/money/savings/1/short-term-fixed-rate-bonds.aspx

Personally, I'd go for the 4.5% Capital Millennium Bond from Julian Hodge Bank, as I have had several accounts with them over the years & have always found them to be very good - it all depends if you want the 'absolute' security of NS&I.

We have decided on Julian Hodge Bank for a 1 year Capital Millennium bond (now 4.25% AER, 4.17% montly) for the last £5000 I can fix. To maximise I've got my wife to apply for it as she can get interest gross. Wish I'd done that on more accounts now.

eeja

ADVICE RE ICICI

Check their share price regularly on a google search and you will know how well the bank is doing and therefore how safe the bank is.

The results yesterday :

All major UK banks down heavily with RBS down by 70 %
The ICICI share price also fell.....by two and a half percent !