Northern Rock ....what to save????????????

Question

if you had some money to bank would you use the Northern Rock bank? i think it's a good bank! whats your opinion on it?

Answer 1

When the PM and Chancellor say "Don't panic", its time to emigrate or take to the hills.

Answer 2

I WISH I had some money to buy their shares.

in 6 months time you would have a good return on your money.

Answer 3

The Bank of England assure us that it will not let a national institution go bust. I presume we have to believe them.

I'd still say that caution should be exercised. Apparently, if a bank does collapse, 90% of the investors' savings can be returned. In the worse case scenario, you might lose 10% of your capital.

In the best case scenario, the Bank of England will be vindicated.

www.on2mobi.com

Answer 4

i think theres nothing to worry about the goverment and the bank of england will not allow the bank to collapse it would have too much bad effect on all the other large banks in the country everyone is just panicking over nothing

Answer 5

I save with a building society - better rates of interest and no greedy shareholders and City wankers to satisfy.

Answer 6

safest place to put your cash. It's the only bank in the UK that is currently garanteed by the Bank of England

Answer 7

the 'money adviser' man said on Tv this morning that unless you had more than £33,000 to leave it in there

Answer 8

there's nothing wrong with the northern rock, Barclays borrowed twice what Northern Rock have last year and there wasnt all this fuss about it.

Answer 9

only problem snetterton is building societies greater exposure to mortage defaults than banks.. i.e. the whole subprime problem. i wouldn't have thought that with the problems northern rock are currently facing it would be the best time to open an account with them