Well, they are now backed by the Treasury! Surely this means that, in the event of massive financial holocaust, they are the safest place to be because you're even less likely to need to require the FSA compensation scheme.



(I'm serious)

Northern Rock's Fixed-rate Access Bond (second issue) only gives 6.5% now, making it only equivalent (rate-wise) to West Brom BS's Star Easy Access Account and Kaupthing Edge Account.

Is NR safer than WB BS or Kaupthing... or less safe?

I suppose that's what you're asking, isn't it?

Indeed it is what I'm asking . I just think that we're in a situation where the government, in a massive change of policy, have backed a bank with the treasury. Surely this means that NR is now as safe as NS&I. Or, alternatively, I might have missed something.

See earlier thread here:
http://www.housepricecrash.co.uk/forum/ind...showtopic=66542