Santander

Karengking

Should we be worried about Santander taking over banking in the high street? There is a lot on tv about the euro crisis and spainish banks and I thought this was a Spanish banking group. They are about to take over my account withRBS

Gromitt

It's a spanish banking group, but it has a UK license, so you are covered by UK FSCS by a full £85K.

innovate

Recently covered extensively:

http://www.moneysavingexpert.com/news/banking/2012/05/santander-safety-qa-your-questions-answered

http://blog.moneysavingexpert.com/2012/05/19/how-safe-is-santander-uk-what-i-really-think/

pmduk

You could always move your account to either Natwest in England or RBS in Scotland. However your main risk with Santander is their awful service rather than losing any money.

innovate

I have held, or am holding, accounts with many other banks, and bottom line, I don't think there is anything between them. They all have good and bad points.

I find the Santander service quite acceptable but I only have experience as an in-credit customer. It may be different if you have loans or need overdrafts.

I love their savings interest rates. Well, as much as you can love any of them atm.