Northern Rock savers have been urged to find new homes for their money after the government confirmed plans to scrap the bank's 100% protection guarantee in three months' time.
Savers’ money will no longer be used to offset any debt held with the same institution should the banking crisis lead to the collapse of more firms, under new rules just announced.
Capital One has announced it is selling its savings business to Skipton Building Society, prompting concerns that savers could end up losing their protection under the compensation scheme.
