Safest banks / building socities

[888sally888]

I want to invest some money - does anyone have any idea which 2 banks would be the best bet at the moment. The money market seems so shaky. I am with Nationwide only so far.

Many thanks.

[Ethel]

Anything up to �35k is guaranteed safe in a UK bank or building society.

Northern Rock is very very good now - the safest of the lot.

Just make sure your money is in separate institutions and you don't have more than �35k in any one institution.

[jake-the-peg]

Building societies like the Nationwide don't have shareholders so can't be forced down by a run on their shares.

That doesn't make them invulnerable - but it sure helps

[888sally888]

Thank you both for your help.

[kempie]

Northern Rock - 100% guarantee (UK Gov't)
National Savings - 100% guarantee (UK Gov't)
Allied Irish Bank - 100% (Eire Gov't)
Anglo Irish - 100% (Eire Gov't)
Bank of Ireland - 100% (Eire Gov't)
Post Office - 100% (administered by BoI)

[badgerchops]

Avoid Natwest !
They closed my savings account the other day for no reason and told me i cannot appeal the decision. Had the account for a few yrs. Told me the money will be refunded to me.

[admarlow]

NS&I are the onl 100% safe bank.