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Caution on MSE recommended top savings accounts
omis
Posts: 5 Forumite
Just been reading Martin's recommendations on top savings accounts. I already have accounts with B&B and Icesave and was working my way down some of the others...
- AA Internet Saver is a wrapper for Birmingham Midshires, part of HBoS
- Sainsbury's Bank savings account is administered by Bank of Scotland, also part of HBoS
- ICICI does not subscribe to the UK Banking Code (don't know status of it's FSA registration).
Would therefore urge caution, given compensation limits apply to each financial group and not each of its constituent parts. It's also about time 'white label' operators were forced to publicise up front who manages their financial offerings.
omis
- AA Internet Saver is a wrapper for Birmingham Midshires, part of HBoS
- Sainsbury's Bank savings account is administered by Bank of Scotland, also part of HBoS
- ICICI does not subscribe to the UK Banking Code (don't know status of it's FSA registration).
Would therefore urge caution, given compensation limits apply to each financial group and not each of its constituent parts. It's also about time 'white label' operators were forced to publicise up front who manages their financial offerings.
omis
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