We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 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!
MSE News: Northern Rock 100% savings protection likely to go
Options
Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"The state-owned bank has confirmed the full guarantee was never supposed to be permanent..."
"The state-owned bank has confirmed the full guarantee was never supposed to be permanent..."
Read the full story:
Northern Rock 100% savings protection likely to go
Northern Rock 100% savings protection likely to go
0
Comments
-
The article fails to mention that
"HM Treasury will ensure that all fixed term retail deposits, and any accumulated interest on them, will be guaranteed to the maturity of the fixed term."
http://www.hm-treasury.gov.uk/d/northernrockplc_guarantee_agreement.pdf0 -
I see that fixed rate bonds are covered.
What if I have two separate fixed rate bonds that combined go over the £50k?0 -
All banks covered by FSCS guarantee £50K. The point about the government's guarantee for Northern Rock is that it currently provides additional cover for any amount.
As posted previously
"HM Treasury will ensure that all fixed term retail deposits, and any accumulated interest on them, will be guaranteed to the maturity of the fixed term."0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.4K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards