Birmingham Midshires savings rate look very attractive, but I've steered clear because of HBOS fears. But if LloydsTSB take over, should I pile in, as it will instantly become a safe bank with a high interest rate, and you don't seem to get those normally?
Full Version: Birmingham Midshires
QUOTE (pablopatito @ Sep 18 2008, 09:20 AM) 
Birmingham Midshires savings rate look very attractive, but I've steered clear because of HBOS fears. But if LloydsTSB take over, should I pile in, as it will instantly become a safe bank with a high interest rate, and you don't seem to get those normally?
What makes you think it will be safe ? put your money in Northern Rock its all ready an institution.
I should have said "safer" not "safe"
What is the current situation with Birmingham Midshires? I have heard that AA savings, which is apparently part of Birmingham Midshires is currently offering a fixed rate account at 7.2% AER. But will my money be safe?
QUOTE (pablopatito @ Sep 18 2008, 09:20 AM)
Birmingham Midshires savings rate look very attractive, but I've steered clear because of HBOS fears. But if LloydsTSB take over, should I pile in, as it will instantly become a safe bank with a high interest rate, and you don't seem to get those normally?
I'm about to entrust a very large sum to BM, on a joint account, to get £100K (joint acc) govt guarantee under the rules coming in next Tues.
In the absence of anything other than rumours, I can't see any way of distinguishing 'safe' banks from bad ones. You either trust the govt guarantee, or you don't. If banks fold and the govt welsh on us, we'll have more to worry about than money.
I'm sick of thinking about where to put my cash - so BM it is.
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