The Masked Tulip Posted March 27, 2008 Share Posted March 27, 2008 http://www.forbes.com/markets/feeds/afx/20...afx4820175.html Quote Link to comment Share on other sites More sharing options...
Methinkshe Posted March 27, 2008 Share Posted March 27, 2008 http://www.forbes.com/markets/feeds/afx/20...afx4820175.html Hopefully there's no-one from HPC who still has money with A & L. They've been touted as dodgy by HPC posters, along with Bradford and Bingley, for months. Quote Link to comment Share on other sites More sharing options...
OLDFTB Posted March 27, 2008 Share Posted March 27, 2008 Fitch added that AL's capitalisation is acceptable and the asset quality of its residential mortgage book is sound. That's ok then! Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted March 27, 2008 Share Posted March 27, 2008 Hopefully there's no-one from HPC who still has money with A & L. They've been touted as dodgy by HPC posters, along with Bradford and Bingley, for months. Most of my cash is still with them! I'm relying on NR-style measures if it goes Tango Uniform. A colossal bailout will still be needed, whether my cash is in there or not. Quote Link to comment Share on other sites More sharing options...
cells Posted March 27, 2008 Share Posted March 27, 2008 Most of my cash is still with them! I'm relying on NR-style measures if it goes Tango Uniform. A colossal bailout will still be needed, whether my cash is in there or not. well dont you want to help in a HPC take your money out and give them that little bit a harder time Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted March 27, 2008 Author Share Posted March 27, 2008 Most of my cash is still with them! I'm relying on NR-style measures if it goes Tango Uniform. A colossal bailout will still be needed, whether my cash is in there or not. I think you will be OK. Looks as if the BOE/Govt will move quickly to have future Crocks supported on the quiet or have them bought up by the likes of Lloyds or HSBC. Both A&L and B&B are small enough for this to happen. Having said that, I have been looking at a 12 month 6.3 fixed bond with A&L for the past few days but can't bring myself to put any money in it. Instant access is best methinks with A&L. When you bond matures perhaps it is best to go after security rather than best IRs? Somewhere like the Leeds or Newcastle building societies are apaprenty well capitalised. Quote Link to comment Share on other sites More sharing options...
Methinkshe Posted March 27, 2008 Share Posted March 27, 2008 Most of my cash is still with them! I'm relying on NR-style measures if it goes Tango Uniform. A colossal bailout will still be needed, whether my cash is in there or not. I wouldn't bet on it, personally. To paraphrase Oscar Wilde: "To be forced to nationalise one bank, Mr. King, may be regarded as a misfortune; to be forced to nationalise two looks like carelessness." Just how much "carelessness" can Mr King and the B o E be afforded? Quote Link to comment Share on other sites More sharing options...
grey shark Posted March 27, 2008 Share Posted March 27, 2008 Most of my cash is still with them! I'm relying on NR-style measures if it goes Tango Uniform. A colossal bailout will still be needed, whether my cash is in there or not. If it's instant cash m8 do yourself a favour and at least pull some out , if your in their monthly interest paying account , wait till next week then pull it all out that way you won't lose THIS months interest . For safety think about Nationwide or NR . Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted March 27, 2008 Share Posted March 27, 2008 If it's instant cash m8 do yourself a favour and at least pull some out , if your in their monthly interest paying account , wait till next week then pull it all out that way you won't lose THIS months interest . For safety think about Nationwide or NR . True. But I would need a current account with NationWide just to use their blinking eSaver, and I can't be arsed! Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted March 27, 2008 Share Posted March 27, 2008 If it's instant cash m8 do yourself a favour and at least pull some out , if your in their monthly interest paying account , wait till next week then pull it all out that way you won't lose THIS months interest . For safety think about Nationwide or NR . That's what we are doing, although it is as much for their predatory attitude to savers (reel them in then drop the rates quickly) as their overall situation. Quote Link to comment Share on other sites More sharing options...
Methinkshe Posted March 27, 2008 Share Posted March 27, 2008 True. But I would need a current account with NationWide just to use their blinking eSaver, and I can't be arsed! You may regret your laziness. When a bank offers savers IRs higher than the competition, steer clear - it means they are desperate for your deposits to shore up their balance sheet. A & L's interest rates have been significantly higher than their competitors for several months. I wouldn't let them near a tenner of mine, never mind 10K. Quote Link to comment Share on other sites More sharing options...
Broken Holmes Posted March 27, 2008 Share Posted March 27, 2008 You may regret your laziness.When a bank offers savers IRs higher than the competition, steer clear - it means they are desperate for your deposits to shore up their balance sheet. A & L's interest rates have been significantly higher than their competitors for several months. I wouldn't let them near a tenner of mine, never mind 10K. I take it the same is true with the cash isa? I have a number of years allowance with A&L for both my wife and I, considering a switch to NS&I, to hell with the interest rates :angry: Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted March 27, 2008 Author Share Posted March 27, 2008 I take it the same is true with the cash isa? I have a number of years allowance with A&L for both my wife and I, considering a switch to NS&I, to hell with the interest rates :angry: Moved a cash ISA from A&L last week to Lloyds. Think it takes up to 30 days for the move. Quote Link to comment Share on other sites More sharing options...
Methinkshe Posted March 27, 2008 Share Posted March 27, 2008 I take it the same is true with the cash isa? I have a number of years allowance with A&L for both my wife and I, considering a switch to NS&I, to hell with the interest rates :angry: Shoot! I'm no financial adviser. All I do is read widely. The tip-off from those in the know is always during times of turbulence to avoid those banks/institutions offering significantly higher IRs than competitors. It is a mark of weakness not of strength. In your position I'd be out of A & L as quick as Gordon Brown would be out of shares in Tony Blair. Quote Link to comment Share on other sites More sharing options...
Broken Holmes Posted March 27, 2008 Share Posted March 27, 2008 Shoot! I'm no financial adviser. All I do is read widely. The tip-off from those in the know is always during times of turbulence to avoid those banks/institutions offering significantly higher IRs than competitors. It is a mark of weakness not of strength. In your position I'd be out of A & L as quick as Gordon Brown would be out of shares in Tony Blair. You know that shows how naive I am, I had never even made that connection I am going to move my ias's with next years allowance, ta!! Quote Link to comment Share on other sites More sharing options...
Methinkshe Posted March 27, 2008 Share Posted March 27, 2008 had a friedn who's a proeprty developer singing the praises of Icesave and otehr icelandic banks'they've paid me out for five years.they'll be fine' I just coulodn't stop laughing. Good lord - have you had a liquid lunch or is your brain working too fast for your fingers! What a mess of typos! It's the kind of thing I do all the time... I agree with what you say, though...anyone invested in Icelandic banks needs to cash in their chips asap. Quote Link to comment Share on other sites More sharing options...
OurDayWillCome Posted March 27, 2008 Share Posted March 27, 2008 Moved a cash ISA from A&L last week to Lloyds. Think it takes up to 30 days for the move. Went into Lloyds yesterday (transferring some of my ISA from Britannia). They are allowed up to six weeks for the transfer to go through but it usually takes three weeks. Why does it take any longer than a week?! Quote Link to comment Share on other sites More sharing options...
markyh Posted March 27, 2008 Share Posted March 27, 2008 I agree with what you say, though...anyone invested in Icelandic banks needs to cash in their chips asap. [/quote To buck the scare monger trend I actually opened an ICESAVE ISA today to take advantage of their 6.1% cash ISA for 08/09 and to transfer my £3k NSI direct ISA 07/08 into ICESAVE. Why? Well NS&I rate was 6.3% when I opened it, 5/75% BR + 0.55% gaurentee. For the return and safety it couldn't be beaten. But due to the feckless overspenders the BR has dropped to 5.25%, giving me only 5.8% return, and is looking to drop further soon. On top of that the NS&I gaurentee is dropping to only +0.30% from 6/4/08 until 2009, so they rate will drop to 5.55% next week and then maybe 5.2% or even 4.95% in the next few months if the base rate drops. Now to me under £7k well covered by the FSA £35k limit and that will not be needed for another 2+ years is well worth putting in a product paying over 0.5% more in net interest. If they get into trouble I will get all my cash back plus interest well before I need it. M Quote Link to comment Share on other sites More sharing options...
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