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Icelandic smash and grab raiders eye up UK savers

So long ING, hello Landsbanki.

The Icelandic company that owns Heritable Bank (currently a top fixed interest payer) is set to launch a new UK savings account on Wednesday :) in a bid to emulate ING's suceess.

Could the good times be back for savers?

We'll have to wait for their rate.


UPDATE

It's 5.2% and there's a 3 year guarantee to beat the base rate by at least 0.25% :)
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Comments

  • Goodbye Sam, hello Samantha! Let the good times roll! icon7.gif

    Thanks for the heads-up. It doesn't sound very Icelandic though!
  • save-a-lot
    save-a-lot Posts: 2,809 Forumite
    1,000 Posts Combo Breaker
    I'll be waiting to see what they offer, thanks for posting this
  • Goodbye Sam, hello Samantha! Let the good times roll!
    What are we like? Tarts 'R Us :D ?

    Let's hope the rate is good enough to get those nice people at Money Saving Towers to have to do an e-mail and Landsbanki account MOT :).
  • Goodbye Sam, hello Samantha! Let the good times roll! icon7.gif

    Thanks for the heads-up. It doesn't sound very Icelandic though!

    Its sounds more Polish than Icelandic!
    RoMaN CaMeL
  • Whose next in the queue :) after Landsbanki? More Viking raiders?

    Handelsbanken from Sweden?

    They were interested in buying UK financial services providers but what's the point when you can launch from scratch?

    Then there's Handelsbank from Denmark.

    Waves and wavers of potential marauders. Bring 'em on!
  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Al_Mac wrote:
    Not heard the ICICI joke for a while.
    Joke? Pointer please?
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
  • ashcarrot
    ashcarrot Posts: 650 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Any updates? Timescale etc?

    Have they got the website setup yet? I wonder what the starting rate will be and how good they will be with rising with the base rate changes.
    Money, Money, Money ..... Banks/Casinos/Bookies give me all you money its a poor mans world....
  • KTF
    KTF Posts: 4,850 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Well its not wednesday yet but they do have a .co.uk website.

    https://www.landsbanki.co.uk
  • Is this a variation on the "Danegeld" we used to pay less willingly to the Vikings?

    I don't suppose our horned helmeted friends were offering interest on honest Saxon money in the 10th Century, though :rotfl:
  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    KTF wrote:
    Well its not wednesday yet but they do have a .co.uk website.

    www.landsbanki.co.uk
    It's a little... bare :/
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
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