NIB or Northern Rock

M

mmmmm

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Which one is the more solid bank for large deposit circa 100k? Is Northern rock (well the new northern rock plc) still a safe place to have large sum money? Cheers...

Some bits from web:

NIB:
"Danske Bank is the biggest bank in Denmark and one of Europe's strongest and best capitalised financial institutions.
"National Irish Bank benefits from the strong capital and credit ratings of Danske Bank:
  • Capital strength: capital is generally measured in terms of tier 1 capital and solvency ratios. At the end of 2009 Danske had tier 1 capital and solvency ratios of 14.1% (9.2% in 2008) and 17.8% (13.0% in 2008).
  • Credit rating: Danske Bank's current ratings by the leading rating agencies (Moody's, Standard & Poor's and Fitch) are summarised in the table below.
Northern Rock plc:


i.e. "the new well capitalised bank that will hold and service all customer savings"
 
Northern Rock's parent is still the UK government, so they are 'safer'.

Nationwide UK are AA rated and off 3.3% on their instant access account.
 
Hi Ciaran- but after 24th May isn't it the case that the UK gov will no longer be in the picture!
 
As things currently stand, the UK Govt will still own NR on May 24th.

The guarantee will be removed on that date.
 
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