How safe is Nationwide International?

R

Rower

Registered User
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Considering opening Nationwide International Isle Of Man sterling account but I notice that they don't come under the UK guarantee scheme - probably a silly question in today's climate but would they be viewed as a 'safe' institution. Their 4.10% 3yr fixed rate deal looks very attractive as long as they don't go belly up! Any ideas folks?
 
Nationwide UK are AA rated.

Nationwide International are fully owned by Nationwide UK ...

Nationwide International is a wholly owned subsidiary of Nationwide, the world's largest building society, with assets in excess of £202.4 billion and a total Tier 1 ratio of 10%, (as at 30 September 2008), which is in excess of the requirements under the UK Government's banking sector scheme and one of the highest in the financial services sector.
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50,000 GBP is protected by the Isle of Man authorities.

Nationwide UK are generally regarded as safe.
 
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