Nationwide Beats Abbey as Top Trusted Saving Bank on 100 Mortgages

According to research at moneysupermarket.com, Nationwide Building Society is the most trusted savings provider with 14 percent of the people asked voting for Nationwide, a close second with 13 percent was Abbey (LON:ANLA) who is now owned by Spanish banking giant Santander.

The poll asked people out of 20 different providers where they would put £50,000 if they wanted to invest for a year, and Nationwide came out as the UKs most trusted provider.

The Post office grabbed the third place position with 10 percent of the people ask choosing the group as the best place to put their $50,000.

In fourth place came HSBC and in fifth place came Lloyds TSB. Due to problems savers have faced with Bradford & Bingley and Northern Rock and the collapse of Icelandic bank Icebank they have become increasingly concerned to find a safe haven for their savings.

Source: APgoogle

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