T
Treehouse
Guest
I was wondering why more people on this board are not recommending that large lump sums automatically go to NR's online account?
I recently advised some family members to put the proceeds of their house sale into NR rather than any other institution for 2 reasons:
1. Their 5% rate is not far off the market lead on large deposits, and has no notice time for withdrawals
2. They are the safest bank in the world.
This combo seems to me to offer an unbeatable combination of return and security.
But I notice NR doesn't get recommended that often, so I am just a wee bit worried that my advice to these people might be missing something. In this economically turbulent time, with loanbooks potentially packed with (de facto) sub-prime, bank shares sliding, and jitteriness about everyone from Anglo to Bradford and Bingley, why is it that the NR option is not a more popular recommendation around these parts?
I recently advised some family members to put the proceeds of their house sale into NR rather than any other institution for 2 reasons:
1. Their 5% rate is not far off the market lead on large deposits, and has no notice time for withdrawals
2. They are the safest bank in the world.
This combo seems to me to offer an unbeatable combination of return and security.
But I notice NR doesn't get recommended that often, so I am just a wee bit worried that my advice to these people might be missing something. In this economically turbulent time, with loanbooks potentially packed with (de facto) sub-prime, bank shares sliding, and jitteriness about everyone from Anglo to Bradford and Bingley, why is it that the NR option is not a more popular recommendation around these parts?