If you're looking for a good home for your savings, you could do worse than Northern Rock. As Miles Brignall reports in today's Guardian, savers who put their money in the soon-to-be-nationalised bank don't only have a guarantee that their cash is safe, they can also get their hands on some headline-grabbing rates.
On accounts for over 50s, Northern Rock offers the highest rate of interest, and on other savings accounts it's not far out of the best-buy tables.
A couple of weeks ago I mentioned the bank to my granny as a possible home for some of her money - she was looking for a fixed-rate saving bond and Northern Rock's deal was much better than that on offer at her bank. She balked at the idea, as did my dad when I suggested Northern Rock's cash Isa as a possible home for this year's allowance.
I guess they weren't alone in wanting to steer clear of the organisation when so much was up in the air. But now that some of the uncertainty has been lifted, savers are starting to return to the Rock, although we're not seeing the same kind of queues we saw last September.
Would you consider putting your savings with the bank? Or is it still unattractive despite the backing of the government and some good rates? Are concerns that rates may have to fall putting you off - even though some of the best deals are fixed-rate accounts?
