Hi All,
I'm confused about about who owns who in the banking world. As the FSA £35k guarantee only applies to the underlying bank it would seem very easy to accidentally open 2 accounts with 2 apparently independant organisations only to find that they are subsidiaries of the same bank. Clearly under this situation, you would only be guaranteed up to £35k rather than up to £70k.

So, who owns the following internet accounts?:

A&L,
ICICI,
Sainsburys Account,
ING Direct DirectSaver,
The AA Savings Account.

I would assume that all but the AA & Sainsbury accounts were independant but could easily be wrong?.

Sainsbury's Bank plc (50% owned by Bank of Scotland, a subsidiary of HBOS plc, 50% by J Sainsbury plc)

AA Financial Services (Centrica plc)

ING Direct (ING Direct NV, part of ING [International Netherlands Group])

A&L and ICICI seem to be companies in their own right, not subsidiaries.

Much more info to be found here.