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Lloyds/HBOS PLease help before Ihave a breakdown!!!

:j Hello!

After weeks of searching for a decent fixed rate bond for my Mum ( Thank again to all that helped me on here!) I decided on the AA Fixed rate 3.75 one year bond :j



Now just spoke to my other half who says I should be careful as Bank of Scotland is in trouble , I know there may be an issue with thanks to one kind person who warned me about this but I am not sure how severe??GGrrrrrrr

Could someone please please please confirm that its now then I can get the AA bond and get back to having a life !!

Thanks x

Comments

  • nrsql
    nrsql Posts: 1,924 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Are you going to be above the 50k guarantee limit?
    If so there might be some concern - if not then at the moment it's probably no riskier than the other banks.
  • RayWolfe
    RayWolfe Posts: 3,045 Forumite
    1,000 Posts Combo Breaker
    Most banks are in trouble, that's why the first 50K is guaranteed.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    As the government own 65%-77% of the bank, there is no way you are going to lose a penny.
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