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Kaupthing Edge, Should I Avoid?

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Comments

  • campins
    campins Posts: 120 Forumite
    Well this is some good news...I just hope it applies to us in the U.K...http://news.bbc.co.uk/1/hi/business/7655227.stm :eek: :T :T
    Love your son.
  • formulaonefan
    formulaonefan Posts: 357 Forumite
    campins wrote: »
    Well this is some good news...I just hope it applies to us in the U.K...http://news.bbc.co.uk/1/hi/business/7655227.stm :eek: :T :T
    No, I'm afraid. It is only for icelandic citizen's not UK. UK savings is protected under FSA 50K scheme.
  • BattleToy
    BattleToy Posts: 109 Forumite
    Is it still ok to transfer all my saving from KE to another bank now? Has anyone already done yet?
  • Vectra
    Vectra Posts: 152 Forumite
    Part of the Furniture Combo Breaker
    BattleToy wrote: »
    Is it still ok to transfer all my saving from KE to another bank now? Has anyone already done yet?

    Yes ,but, where you going to put it?
  • ebyard
    ebyard Posts: 104 Forumite
    Vectra wrote: »
    Yes ,but, where you going to put it?

    Under your bed. Safest place for it.
  • LucyTheDwarf
    LucyTheDwarf Posts: 880 Forumite
    No, Jonbvn had the best solution... I'm just going to dig up his quote...
    Target Cash Net Worth: £25K by January 2012
    Progress     May-08     19.0%; May-09 40.0%; May-10 63.0%; May-11 58.4%; Jun-11 58.5%; Jul-11 58.9%; Aug-11 58.7%; Sep-11 59.0%
  • nicholbb
    nicholbb Posts: 168 Forumite
    Part of the Furniture Combo Breaker
    BattleToy wrote: »
    Is it still ok to transfer all my saving from KE to another bank now? Has anyone already done yet?

    Why would there be an issue? What do you think has happened? the bank is trading normally, shares suspended to allow the full details of any deal to come out.
  • BattleToy
    BattleToy Posts: 109 Forumite
    A&L as it is the link account (no other choice). and then move it to my e-saving account in natwest (i think it should be 6.50%). now, I am not sure when this money will be transferred to A&L if I do it tomorrow. any ideas!
  • Plasticman
    Plasticman Posts: 2,544 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    To stop us getting bored with the same threads over and over, how about a competition?

    Question 1 - Person A has a major panic and transfers all their cash out of their Icesave account via CHAPS paying £30. Who gets the £30?

    Question 2 - Person B has a minor panic and transfers all their cash out of their Kaupthing account via BACS. It is shown as leaving their account on Monday and arrives in their Northern Rock account on Thursday. Who is holding the money on Tuesday & Wednesday?

    Please post your answers below. A winner will be selected and will win a prize of 1 Landsbanki share or bu**er all (depending on which has the lower value ;) )
  • LucyTheDwarf
    LucyTheDwarf Posts: 880 Forumite
    Jonbvn wrote: »
    I suggest you withdraw all your savings in 1p pieces and start swallowing them with meals.;);)

    Found it :rotfl:
    Target Cash Net Worth: £25K by January 2012
    Progress     May-08     19.0%; May-09 40.0%; May-10 63.0%; May-11 58.4%; Jun-11 58.5%; Jul-11 58.9%; Aug-11 58.7%; Sep-11 59.0%
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