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NR or NS&I? for safety

I see Northern Rock are offering a 6% esaver whereas NS&I are offering 4.4% (over 50k).

I'm still a bit nervous about NR since the problems of last year, even though it is govt backed. Should I go for it?

Comments

  • chesky369
    chesky369 Posts: 2,590 Forumite
    You can get much better rates now - some of them are fixed term, some not. Best to look at Martin's recommendations which are updated regularly.
  • tradetime
    tradetime Posts: 3,200 Forumite
    pioneer31 wrote: »
    I see Northern Rock are offering a 6% esaver whereas NS&I are offering 4.4% (over 50k).

    I'm still a bit nervous about NR since the problems of last year, even though it is govt backed. Should I go for it?
    Since the government has more than 28 billion quid of tax payers money in NR, they'd probably rather let the NS&I go bust right now.
    Hope for the best.....Plan for the worst!

    "Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown
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