is my money safe.?

Firstly Bradford & Bingley is a completely different situation to Northern Rock. B&B have had problems buy to let investors struggling to repay their mortgage loans and have sold a 23% stake of the company to a US investor to help shore up its finances.

B&B are registered with the FSA and as such its savers are eligible for the Financial Services Compensation Scheme. This means that is in the unlikely event anything did go wrong then they would guarantee 100% of the first £35,000 you have invested with a company.

If you have more than £35,000, it is worth spreading your money across more than one institution to take full advantage of the 100% guarantee. The only thing to be wary of is that some institutions come under one banking licence and as such your money is only covered once. An example of this is Halifax, Bank of Scotland and Birmingham Midshires.

If you still want to transfer you money, logon on to www.moneyfacts.co.uk and check out our savings best buys. Not only may it make you feel more reassured but you are likely to find a higher rate of interest for your savings.

Unless you have a considerable amount of money invested in any bank or building society you never have cause for concern. By considerable I mean over £5m and by invested i mean own shares. NR were suffering a cash flow crisis that can happen to any business large or small. The run on the banks capital reserves caused by media hype and the beginning of the anti brown brigade only exasperated the situation. Quite rightly the senior directors took the hit because they were playing golf when they should have been in the office. But no one else was to blame and no one was at risk of losing their £500 rainy day fund.

However I would never keep any capital in a bank. Immediately i have capital to spare it goes into property. Either let or long term vacant.

I bought a house 5 years ago in stoke on Trent for £14,500 I've had £360 per month rent from the day I bought it and it's now worth £72,000. Before Christmas it was probably worth £75,000 but I'm not crying about the drop in house prices. I now own 60 such properties and the fall can continue for me because I'm buying cheaper every month and I'm definitely still buying.

The only truly safe long term investment is a self owned property portfolio.

b & b wont go the same way as nrock,,,theirs is a different problem all together,

question is ,,last year they sold off 2/3rds of the company,,,,namely house mortgages and commercial lending,,,for 4,3 bn,,,

they kept only buy to let which 37% of their mortgage payers can no longer afford to make payments on,as people cannot afford the payments re possions are on the increase,it is dubious and debatable whether they should have put "all their eggs in one basket"and no doubt the shareholders will tell them so at the egm 16.6.08..they have a cash shortfall,their assets have not changed like nrocks,

but you have to ask where did the £4.3 bn go...

not withstanding the resignation of the chief exec.steven crawshaw....and his payout worth £640,000 pay plus £1.8 mn pound pension

If you are worried. I suggest you take out everything and put in other reliable one.

At last financial peace is what everyone looks for. I do not suggest to wait for 1 or 2 weeks at stake of financial peace

hey

well it depends on how much money is in your savings account . I beleive that if it is under about £36,00 it is safe. Although to be 100% sure email this man (the one lk today)

he is an expert on these types of situation, so you can be 200% sure if your money is safe

http://www.moneysavingexpert.com/

hope this helps =]

its a tough one, if you and everone else do ddecde to transfer your money then the bank will collapse, but then again you dont want to be there if it does, hold out for a week or two and find out where its goinf, if it still looks bad then pull out!

Santander are a extensive banking business enterprise, I presume it is who you're conversing approximately as they have their arms in alot of pies in Spain and the united kingdom. like each and all the main substantial gamers interior the united kingdom your funds is secure if its below the 35,000 grand (quickly to be 50,000). we could face it, your funds isn't probable one hundred% secure everywhere presently, despite if its below your mattress.