6.49% On The Taxpayer

Right, assuming you've still got some cash, close your Egg account (now on a piffling 5%), close your ING account (ditto), and switch all funds to HMG Crock asap.

With nationalisation you can get a tempting array of savings rates from 6.35% to 6.49%, all fully guaranteed by the taxpayer. In these times of dodgy banks, that's an AAA guarantee.

What are you waiting for?

PS Nobody would start from here, but as we've blogged many times, nationalisation was always by far the least worst option for taxpayers. Let's hope Mr Sandler can extract at least some of the fat from the flames.