A & L savings A/C

IanJackson

Hi All

I heard a murmur a day or two ago, to the effect that the Alliance & Leicester Building Society may be heading the same way as Northern Rock. I have a savings account with them. Has anyone else heard of, or know anything of this?

Ian

RocketMan

Rumours on this site and others yes, but not really anything I am worried about, going to be opening an ISA with them for next tax year.

If you have under ~£30,000 then you are covered even if they do go south.

No savings were lost with the Northern Rock incident.

equitydealer

Rumours are being spread about various banks by stock market manipulators. If you believe all the rumours in recent weeks Barclays, Bradford & Bingley, A&L and Halifax are all going to go bust.

All a load of nonsense, Northern Rock was unique in its business model.

chesky369

... not to mention HBOS and the entire Icelandic banking system.

Rumour-mongering, very often by people hoping to make money out of the situation and some peoples' ability to panic for no reason.

Stavros_3

I have 90k with the A & L and I am not losing sleep. Those rumours that caused HBOS shares to dip has now instigated nothing short of a criminal investigation. This government will not let a UK bank/building society go under,

IanJackson

ok, that's good, thanks for replies

MarkyMarkD

IanJackson wrote: »

I heard a murmur a day or two ago, to the effect that the Alliance & Leicester Building Society may be heading the same way as Northern Rock. I have a savings account with them. Has anyone else heard of, or know anything of this?

I concur with everything everyone else has said. But, Ian, ALBS ceased to exist in 1997. You are talking about Alliance & Leicester plc.