Product category:
Savings and investment
News Release from: Moneysupermarket.com | Subject: Savings
Edited by the Insidemoneytalk Editorial
Team on 17 September 2007
moneysupermarket.com comments on
emergency funding for Northern Rock
Commenting on the Bank of England's move to give emergency funding to Northern Rock, Kevin Mountford, head of savings at moneysupermarket.com, said:
"This is not a time for savers to panic and withdraw their cash from Northern Rock The Bank of England has been willing to step in because Northern Rock has a good business model and is at no risk of insolvency
"No matter who your savings are with though, it is always a good idea to have no more than £35,000 with any one bank or building society.
Spreading your savings helps protect most of your cash under the Financial Services Compensation Scheme." - Ends 14 September 2007.
• Moneysupermarket.com: contact details and other news
• Email this article to a colleague
• Insidemoneytalk Home Page
