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Are your savings safe? article discussion

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Comments

  • dunstonh
    dunstonh Posts: 119,844 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ian-d wrote: »
    At a time when surely the government could do with an influx of money, why have Northern Rock closed their savings account to new members? I cannot understand the logic?

    Not according to their website. The deposit range appears listed as normal. Dont a quick google search and no reports of them closing for new business. Where is your source for that news?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Lynt_3
    Lynt_3 Posts: 235 Forumite
    NR's E saver is currently unavailable.
    http://www.northernrock.co.uk/savings/savings-selector/ssinternet.asp
  • GustyGardenGalaxy
    GustyGardenGalaxy Posts: 759 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I wonder why that is? Can't they cope with a sudden influx of money???
  • dunstonh
    dunstonh Posts: 119,844 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    GustyGardenGalaxy wrote: »
    I wonder why that is? Can't they cope with a sudden influx of money???

    Looks like a product re-launch coming.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    dunstonh wrote: »
    Looks like a product re-launch coming.

    Haven't seen you all evening!
  • dunstonh
    dunstonh Posts: 119,844 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Lokolo wrote: »
    Haven't seen you all evening!

    More to life than here. Football was on telly ;)
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    dunstonh wrote: »
    More to life than here. Football was on telly ;)

    You know what, I never thought that you would be a football person. Strange what the internet does for you.
  • ian-d
    ian-d Posts: 371 Forumite
    Just seems odd that even if they are re-launching the product, surely they wouldn't want downtime between them!
  • Baldur
    Baldur Posts: 6,565 Forumite
    ian-d wrote: »
    Just seems odd that even if they are re-launching the product, surely they wouldn't want downtime between them!
    http://www.northernrock.co.uk/savings/online-accounts/
    E-Saver Issue 2 The current issue of our E-Saver account is no longer available to new customers (existing E-Saver customers can still make additional deposits up to the maximum deposit limit).
    We will be launching E-Saver Issue 2 shortly. If you would like us to email you when E-Saver Issue 2 is available, please register your interest below and we will contact you when the product is launched.
  • Stavros_3
    Stavros_3 Posts: 1,288 Forumite
    Anyone want to have a punt that the rate on issue 2 will be lower than their current one which was recently reduced from 6% to 5.75%?
    Liquidity is when you look at your investment portfolio and **** your pants
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