Icesave-please help/advice!!!!

northern5

tim30577 wrote: »

Keep on checking the below website and icesave.co.uk, AVOID ALL OTHER SITES if you can, though it's very difficult not to (hence why I am here).

http://www.moneymadeclear.fsa.gov.uk/news/firm/firm_news.html

JUST THE ABOVE SITE anything else is speculation

well this is why we're all here worrying!! The statement on this website is telling us nothing!! Sky News / BBC news are saying no more than we already know and are more concerned about the other banks. No one is loosing their savings with the high street banks today, whereas we are with Icesave, and we are being told nothing by our government / FSA etc. etc....

Zammo

nilrem wrote: »

I typical Media nonsense story designed to scare and panic people, all websites can have problems and glitches at times, this sort of reporting is irresponsible IMHO.:mad:

So how do you feel about the "irresponsible" reporting now that you've lost your savings?

Perhaps if you had conducted 5 minutes of research yourself instead of jumping to conclusions and giving out terrible advice in this thread your money would be safe now.

I just hope nobody actually listened to you.

Oolong

Compensation will be paid in Icelandic kronur:
http://www.citywire.co.uk/personal/-/news/markets-companies-and-funds/content.aspx?ID=316722

southsea13

Oolong wrote: »

Compensation will be paid in Icelandic kronur:
http://www.citywire.co.uk/personal/-/news/markets-companies-and-funds/content.aspx?ID=316722

Oh great - why not just issue the `compensation` in Monopoly Money??? I am so glad that I didn`t listen to Martin Lewis`s bogus advice or I`d be well unhappy now!

My advice - find a bank that is failing; get a credit card and go crazy with the spending; bank collapses and you have no debt.

Simple, innit??
:beer::j:T:A:eek::money:

bazaarboy

Isn't it remarkable how many people here keep saying "I told you so!" in their own special way?

The fact is, no-one has or could have predicted what is happening, period.

What happened today, and in the last few months, has never happened before (maybe 1920s?): the banking industry is collapsing under it's own inflated weight and has reached out to the public for help.
There isn't a clear right or wrong way forward, but one thing is for certain: more regulation within this sector is vital.

tim30577

northern5 wrote: »

well this is why we're all here worrying!! The statement on this website is telling us nothing!! Sky News / BBC news are saying no more than we already know and are more concerned about the other banks. No one is loosing their savings with the high street banks today, whereas we are with Icesave, and we are being told nothing by our government / FSA etc. etc....

If you cannot find the answers you are looking for on the FSA link or the icesave website. I would strongly suggest you stop looking. The answers to your questions are not yet available. If anything goes to print via the any other source I would wait for an official word from the two afore mentioned sources.

These are just my thoughts. I have not read any factual information to suggest that deposits under £50,000 will not be honoured. There is some compelling information to suggest this may not be the case. Though this information is neither from Icesave, the FSA or the IFSA. At this stage it would be unwise to listen to any other sources.

Paul_O'Kshields

Go to bed, folks. That's what I'm about to do, after a day of chewing my fingernails about the (for me, large sums of) money I have in Icesave Easy Access accounts which I no longer have Easy Access to.

Logging on to this website or watching rolling news in order to pick up fragments of new information as they become available and try to make sense of them is not going to make whatever is going to happen about this happen any quicker.

My hope, nay, my belief, is that we are at the same stage now as the depositors filmed forming queues outside Northern Rock were at this time last year.

They panicked, but for the most part, they needn't have, because A) the panicking made the situation worse and the safety nets in place protected the vast majority of them.

It might take a while but it should work itself out. Just not right away.

northern5

tim30577 wrote: »

If you cannot find the answers you are looking for on the FSA link or the icesave website. I would strongly suggest you stop looking. The answers to your questions are not yet available. If anything goes to print via the any other source I would wait for an official word from the two afore mentioned sources.

These are just my thoughts. I have not read any factual information to suggest that deposits under £50,000 will not be honoured. There is some compelling information to suggest this may not be the case. Though this information is neither from Icesave, the FSA or the IFSA. At this stage it would be unwise to listen to any other sources.

Yes I accept I've got to wait, but I like others would like to go to bed tonight with a little piece of mind rather than worrying how I'm going to cope without that money when I need it. It wouldn't hurt to hear from an official source exactly what our government are doing to try and get some answers ... rather than nothing at all, leading to the press speculation...

bazaarboy

some bit of clarity, for those still awake and following this thread:

http://www.timesonline.co.uk/tol/money/savings/article4903329.ece

The Times seem to think that the UK govt is not, currently, prepared to make any promises in-case the Icelandic authorities buckle. On the other hand other Scandinavic countries may bail out their neighbours...
Let's hope, goodnight

nilrem_2

geoffky wrote: »

hope no one took notice of this person.......

I am that person, and I do not know why you picked me out even sending me a PM trying to make me feel bad, as other people said similar things at the time, as an Icesave customer I wrote what I believed was the position at the time, if you care to look through the threads you will find that earlier today I did admit that I was wrong.

It may bring you some comfort to know that my wife and myself have considerable savings with Icesave much of which we stand to lose, this represents my saving from over 30years work which we were living on now I am retired, it may also give you some comfort to know that I have spent the whole day thoroughly depressed and will probably remain so for quite some time.

I have replied to the PM you sent me, I wonder if you PM'd all the other people who were positive about Icesave or wether you picked on me only for some reason?