Bradford & Bingley / Abbey

[smurfchops]

Is money safe in a Fixed Rate Bond now, with Bradford & Bingley, now it has merged with Santander? Should we worry if we have �35,000 in B&B as well as some money in the Abbey ??

[johnny37]

Its �35k for each person in each bank. (a joint account would be �70k) ie you can have �35k in as many banks as you like. I shouldnt worry though. This is soon to be raised to �50k. For what reason is unclear as iIt would be politically unaccepetale for the government to allow any bank to go down the pan, even more so after Northern Rock savings weere guanranteed.