Is my money safe?

[perose]

Can anyone tell me if my money is safe with Nationwide Building Society. I have several different accounts including an Isa and a fixed rate bond. Very little information has come from Nationwide !

[Ethel]

As long as you have no more than �35,000 (very soon �50000) in total in your Nationwide accounts your money is 100% guaranteed safe.

If you have more than �50,000 you should move the surplus to another bank, building society or other institution

[factor-fiction]

Sorry perose, but is anyone else getting bored with these questions? Maybe there should be a special section for these questions with one of Ethel's excellent replies being given automatically.
Essentially the same question seems to appear at least twice a day with just a different bank listed each time.

[wiffey]

No factor30, important questions need to be asked often, it's no different from saying Good Morning to your colleagues every morning at work.

p.s. do you think I should transfer all my money from HSBC to some Irish bank?

[perose]

Thank you Ethel and wiffey. Factor30 perhaps you have no money to worry about !

[CheekyChops]

Give it to me to invest in the Bank of CheekyChops, I'll look after it for you :-)

It will be perfectly safe, honest...

[WhiteBear]

hi Perose

read this:
http://news.bbc.co.uk/1/hi/business/7650551.st m

xx

[Whickerman]

Just fyi - the UK subsidiary branches of Irish banks are 100% guaranteed by the Irish govt as well as the branches here in Ireland. Also Greek banks btw.

[factor-fiction]

"Factor30 perhaps you have no money to worry about ! "

Interesting point, perose. Is it better to have less than �35000 and have no worries about losing it, or have over �35000 and worry about losing it?

[factor-fiction]

Great article here:
http://www.moneysavingexpert.com/savings/safe- savings