Like many people I have a savings account with Northern Rock. And like many people I am worried about the recent troubles they have been having.
What I wanted to know is was my money safe with Northern Rock. With lots of people lining up to withdraw their cash and the papers talking about the company going bust their was plenty to be worried about.
When I looked into this in more depth I found out that my money was in fact guaranteed and I was in no danger of losing everying. So unlike a lot of people I won't be rushing round to my nearest branch to withdraw every last penny.
One thing it did show me though is I need to find a better savings account for my savings. Not because of Northern Rock's difficulties but because I think I can find a better interest rate.
I've also got to look into finding a decent personal loan also as I desperately need a more reliable car.
So it's off to investigate and I'll report back what I find.
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