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bradford and bingley

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hotfemail | 14:57 Wed 21st Nov 2007 | Personal Finance
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I ve heard that they are having problems now , like Northern Rock. I have some money saved with them and 250 shares , should I cash them in and withdraw the money ???????

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If you have less than �35,000 saved with them your savings should be safe under the Government's maximum �35,000 compensation scheme. If you have more than �35,000 saved I would shift the surplus over this limit elsewhere to be on the safe side. As to your shares, their value will currently have dropped, as has the value of virtually banking shares. If they are not worth a great deal you can either sell them and make a loss (unless they were Windfall shares) or take a deep breath and decide to hang onto them for a couple of years or however long it takes for the stock market and banking shares to recover.
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�35000 - I wish ! !

Thanks hun !

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