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MSE News: Northern Rock 100% savings protection likely to go
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
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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
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