United Kingdom forum: Choose a Bank where your money might be safe

Posted in the United Kingdom forum: opening a bank account in the UK

  • Piyush Nahata
    21 Apr 2009, 22:49
    Choose a Bank where your money might be safe

    Hi Nicolas,
    In the current economic scenario where banks are closing shutters like mum-n-dad shops round the corner, one thing that you need to consider before opening an account with a bank is, are they safe.
    The major banks in UK are

    HSBC
    Natwest
    Barclays
    Royal Bank of Scotland
    Lyods TSB
    Nationwide
    Abbey

    I found that Nationwide is financially very strong (at the same time very stringent). HSBC and Barclays are yet 2 other banks who managed to wade through much of the economic downturn till now without much help

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