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Is Santander safe?

I have some savings in Santander. I have heard that the company is being downgraded in Spain. Is Santander UK a safe place to have money or should I withdraw?
Keep on trucking!

Comments

  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    Search the MSE forum, and you shall find answers......
  • barak
    barak Posts: 1,258 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Cacran wrote: »
    I have some savings in Santander. I have heard that the company is being downgraded in Spain. Is Santander UK a safe place to have money or should I withdraw?
    See https://forums.moneysavingexpert.com/discussion/3968711
    ".....where it is corrupt, purge it....."
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Like all banks keep your savings under the £85000 compensation scheme and you will be ok.
    If you have more than this consider splitting funds between more banks.
  • Consumerist
    Consumerist Posts: 6,311 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    A comment this morning on BBC Radio 4's Moneybox programme, suggested that Santander is probably one of the UK's safest banks because it has little exposure to Greek debt compared to the other major UK banks.
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
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