Are Bradford and Bingley offshore savings accounts safe?

Author	Message
Written on: 13.01.2010 [05:26]
Eaton Eaton Topic creator Posts: 3	I was hoping to open a Bradford and Bingley offshore savings account as the international rate is fantastic at the moment and also as I travel quite a lot I like the idea of being able to bank in sterling, euros and dollars. However before I take the plunge (seeing as the minimum is quite a high deposit) I want to make sure that they are safe. Can anyone reassure me please?
Written on: 18.01.2010 [13:44]
Sonia Sonia Posts: 6	Well people can try and reassure you however if Icelandic banks Kaupthing and Landsbanki are anything to go buy then I would say that no, they are not safe at the moment. However I am not sure whether the difference here being that it is an offshore account provided by Bradford and Bingley, whether or not it would make a difference.
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Written on: 18.01.2010 [23:19]
Maik Maik Posts: 3	Yeh but that was back in 2008, would you really think it is going to happen again. Plus as you said it is Bradford and Bingley offshore accounts not some Icelandic bank!!!!