We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Bradford and Bingley vs Citibank
steveeldonkerr
Posts: 1 Newbie
Hi all,
long time reader first time poster here. So im deciding which bank to put my savings in (after an ISA of course). I have about 5k and was deciding between B&B and Citibank. I'm aware the citibank rate is slightly higher (2.76% to 2.5%, both with 1 year bonuses of abuot 1.4%) but is there any safety benefit to B&B, it being owned by Santander and all? I guess with Citibank being a huge american bank it couldnt really be allowed to collapse, but being a UK subsidiary of an American bank does slightly unsettle me.
Just so you know, I have the NatWest ISA and an Alliance and Leicster Premier current account(Santander again).
What would you go for, and why? I know its not a massive question, but I was just wondering...
thanks,
Steve
long time reader first time poster here. So im deciding which bank to put my savings in (after an ISA of course). I have about 5k and was deciding between B&B and Citibank. I'm aware the citibank rate is slightly higher (2.76% to 2.5%, both with 1 year bonuses of abuot 1.4%) but is there any safety benefit to B&B, it being owned by Santander and all? I guess with Citibank being a huge american bank it couldnt really be allowed to collapse, but being a UK subsidiary of an American bank does slightly unsettle me.
Just so you know, I have the NatWest ISA and an Alliance and Leicster Premier current account(Santander again).
What would you go for, and why? I know its not a massive question, but I was just wondering...
thanks,
Steve
0
Comments
-
For 5k you are covered by the FSCS anyway.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards