BM are part of HBOS {Halifax etc.}

http://www.askbm.co.uk/savings/i/fixed/intro.asp

Openend one today .......

Seems pretty good!

Does anyone know what would happen if, heaven forbid, HBOS goes belly up and you happen to have an account at both HBOS and Birmingham Midshires? Would the 'banking guarantee' covering deposits up to 35k, cover accounts in both institutions?

Cheers

Hi

The 35k limit covers ALL your deposits at HBOS plc and its divisions. You could have £35k in Bank of Scotland, £35k with Halifax, £35k with Birmingham Midshires - you would only be protected for £35k in total.

See this link - Changes to Halifax Banking Licence - 17 September 2007.


Regards

M21er