Topic starter
FirstSave Bank - Who are they owned by?
Are they a UK subsidary of some dodgy Icelandic bank?
Posted : 11/01/2010 2:20 pm
They are nigerian
Posted : 11/01/2010 2:22 pm
Owned by FBN.
FBN Bank (UK) is a wholly owned subsidiary of First Bank of Nigeria Plc, with offices in the heart of the City of London.
Posted : 11/01/2010 2:22 pm
Topic starter
I'll forget opening an account then - thought the interest rate was too good to be true!
Posted : 11/01/2010 2:23 pm
Topic starter
FBN Bank (UK) is a wholly owned subsidiary of First Bank of Nigeria Plc, with offices in the heart of the City of London.
It's not the Nigerian but the City of London connection that put me off!
Posted : 11/01/2010 2:30 pm
FirstSave are covered by the UK FSCS scheme, so up to £50k is safe
http://www.moneysavingexpert.com/savings/safe-savings#foreign
Posted : 11/01/2010 3:26 pm
Why let the London put you off, the Banks that had to be rescued were from Newcastle and Edinburgh.
Posted : 11/01/2010 3:29 pm