Very worrying stop press news re Anglo Irish

wombleferret

Midnight_Cowboy wrote: »

Anglo Irish returned my bond money today, no complaints, which is pretty good service seeing as I only wrote to them on Tuesday. I've just paid a visit to my local branch of the Cheshire Building Society where I was greeted with a warm smile by a beautiful girl, and given loads of hot coffee. I signed up to a bond paying 3.75%, which is pretty healthy considering the base rate is now just 0.5%. Ok, I've lost some potential interest but nothing that wasn't mine yet anyway. I will sleep well tonight knowing that my savings are safe in a well funded building society. For anyone who's having sleepless nights... I recommend it.

Hi Midnight Cowboy,

Could I ask what reason you gave for the 'emergency'? I'm in the same boat and have genuine reasons for withdrawing my cash (ie/ I've been made redundant and need a mortgage - which I can longer get so need to put cash down on a house instead), but not sure if this will be dealt with as an emergency by them or not.

Cheers

Womble.

Andrew64

According to this article on This is Money (yes, I know it's part of the Daily Mail!) the FSA is worried about the exposure of British banks - and building societies - to Irish banks:

http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=480515

baby_boomer

It's not part of the Daily Mail - it's the well respected financial section of the Mail on Sunday.

This is the same reporter who started the campaign on mortgage redemption fees before MSE jumped on board.

Sounds like a typical double game by the FSA - caught between its dual role of safeguarding savers while promoting confidence in the financial system.

Supporting the financial system always comes first.

wombleferret

bump for midnight cowboy

soulsaver

baby_boomer wrote: »

It's not part of the Daily Mail - it's the well respected financial section of the Mail on Sunday.

From its webby...

Part of the Daily Mail, The Mail on Sunday, Evening Standard & Metro Media Group
© Associated Newspapers Limited 2009

gozomark

"well respected" and "Mail on Sunday" in the same sentence - got to be a first

baby_boomer

soulsaver wrote: »

From its webby...

Part of the Daily Mail, The Mail on Sunday, Evening Standard & Metro Media Group
© Associated Newspapers Limited 2009

Exactly. It's part of Associated Newspapers - not part of the Daily Mail. You wouldn't say the Mail on Sunday was part of Metro (which this morning received grovelling plaudits from our beloved leader in No. 10 )

The financial section of the Mail on Sunday is worth reading, even if the rest is fit only for fire-lighting and its journalists have the morals of chimps on viagra.

soulsaver

baby_boomer wrote: »

Exactly. It's part of Associated Newspapers - not part of the Daily Mail. You wouldn't say the Mail on Sunday was part of Metro (which this morning received grovelling plaudits from our beloved leader in No. 10 )

The financial section of the Mail on Sunday is worth reading, even if the rest is fit only for fire-lighting and its journalists have the morals of chimps on viagra.

It's own webby says ' part of the Daily Mail...' You can't accept that?

masonic

soulsaver wrote: »

It's own webby says ' part of the Daily Mail...' You can't accept that?

It doesn't. It says part of the "Daily Mail, ... Group". Just like Girobank is part of the "Abbey, A&L, Bradford & Bingley, Cahoot Group" (aka Grupo Santander). Equally, that doesn't make Girobank part of Abbey.

Gwhiz

Semantics!! It's all full of !!!!!