Northern Rock
Northern Rock Building Society was formed in 1965 after the merger of Northern Counties Permanent Building Society and Rock Building Society. The next 30 years saw Northern Rock acquire 53 smaller building societies.
On 22 February 2008 Northern Rock was Nationalised following problems caused by the US subprime mortgage financial crisis. As a result the bank is now in a very strong position, as it is highly unlikely that the government would ever go bust. This means that all deposits with Northern Rock are protected with no limits, so this is a great place to store your money if you wish to invest large amounts of cash, or would rather keep more than £50,000 (the maximum covered by the Financial Services Compensation Scheme) in one account.
Northern Rock provides a long list of financial products, which are based around Northern Rock mortgages, savings accounts and loans. All of its products can be found in branch, online, or in store.
On 22 February 2008 Northern Rock was Nationalised following problems caused by the US subprime mortgage financial crisis. As a result the bank is now in a very strong position, as it is highly unlikely that the government would ever go bust. This means that all deposits with Northern Rock are protected with no limits, so this is a great place to store your money if you wish to invest large amounts of cash, or would rather keep more than £50,000 (the maximum covered by the Financial Services Compensation Scheme) in one account.
Northern Rock provides a long list of financial products, which are based around Northern Rock mortgages, savings accounts and loans. All of its products can be found in branch, online, or in store.
