Northern Rock Bond - should I remove it?

F

Finthefab

Guest
Hi
I invested €25K in a Northern Rock Fixed Rate 1 Year Bond 11 at 4.75%. It is due to mature in Aug 08. I have been told that if I remove it now it will incur charges of €196. Are the bonds safe/ safer than cash on deposit with NR? Should I let it go its term or pull it now and take the hit for €196? Any advice welcome.
 
Read the existing threads on the NR issue. Fundamentally your money is guaranteed under the UK compensation scheme anyway so bear that in mind.
 
The capital plus future interest is guaranteed by the Bank of England and the UK Treasury. If that's not good enough to reassure you then you should take it out.
 
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