Nationwide UK Confirm Deposit Protection Increase

I have been informed that Nationwide UK have written to their customers confirming that their deposit protection will increase from 50,000 GBP to 100,000 EUR from January 1 2011.

More here:
[broken link removed]

This was known but it is good that it has finally been confirmed.

Another reason to have deposits with Nationwide UK.

CiaranT - that's great news, no doubt some more money will be coming from the bewildered irish Banks into their coffers as a result of this announcement

Great news! But isn't this going to apply to NR as well sorry???

Yes, it will apply to NR as well.

I think NUK are the first the send a letter to their Irish customers confirming the change.