Icesave-please help/advice!!!!

PintoPotts

http://www.timesonline.co.uk/tol/news/uk/article4905923.ece

denisiw

Icesave is being discussed on the Victoria Derbyshire programme on Radio 5 Live now.

Denis

nilrem_2

lokiman wrote: »

Just announced on BBC news: Icesave's UK deposits are being taken over by ING. I hope that this is the good news that many wanted to hear.

Is this true? I only heard and have read that ING have taken on KE and Heritable bank?

Would someone be kind enough to confirm this story.

On the BBC it just says below and does not mention Icesave deposits.

Savings bank ING Direct is buying up more than £3bn of deposits held by tens of thousands of British savers.
It says it is acquiring £2.5bn of deposits held by 160,000 customers from Kaupthing Edge, the internet-only UK retail arm of Iceland's biggest bank.
It is also taking control of £538m of savings held by 22,200 people with Heritable Bank, which was run by Iceland's Landsbanki - Icesave's owner.

centaurandrew

A note to all the nay-sayers.

I laugh in your face, your pompous attitude that "we should have known better" is of no importance to us now. We took advantage of the high interest rates in good faith, having researched the matter to the best of many of our abilities with the available information.

And we will not lose out, read the BBC news article and you will see that all of our money is guaranteed and we will get it back.

Ha.

denisiw

Alistair Darling will be making a statement which will be broadcast on the 12 o'clock news on Radio 5 Live.

Denis

Nick_C

centaurandrew wrote: »

And we will not lose out, read the BBC news article and you will see that all of our money is guaranteed and we will get it back.

Unfortunately, if the guarantee is being paid for by "The Government" then we will all lose out. If HMG is itself going to pay the first £16,170 to every depositor, then that is nearly 5 billion pounds, or £80 for every man, woman, and child in the country.

If Darling can find a way of protecting Icesave depositors without it costing the taxpayer anything, then fantastic. But I don't see why I should have to pay to people who made a risky decision for an extra half a percent.

Moneygoes2money

Please note ING acquiring Kaupthing Edge and Heritable bank has nothing to do with Icesave deposits. We'll know more when Alistair Darling makes an announcement after Prime Minister's questions this lunchtime. Fingers crossed, he doesn't u-turn on his earlier promise we'll all get all our money back (probably via the UK compensation scheme).

cs15

Nick_C wrote: »

Unfortunately, if the guarantee is being paid for by "The Government" then we will all lose out. If HMG is itself going to pay the first £16,170 to every depositor, then that is nearly 5 billion pounds, or £80 for every man, woman, and child in the country.

If Darling can find a way of protecting Icesave depositors without it costing the taxpayer anything, then fantastic. But I don't see why I should have to pay to people who made a risky decision for an extra half a percent.

WRONG it wasnt a risky decision based on standard best buy advice. We did not put our money a roulette wheel. It was a internet bank approved by UK markets and guarenteed by the Nordic nations.
We are not crooks.
I agree UK Govt should seek the monies back from the Nordics, but individuals should not be accountable for following standard advice.

The human race and Uk Govt has taken billions of pounds and wasted down the years in many ways, so dont get all uppity that this money is being used to guarentee life savings of people that at worst were slightly naive but followed best buy advice of the markets. Its ok mate I'll ask the govt to waste your specific precious pounds in another way.

PintoPotts

Nick_C wrote: »

Unfortunately, if the guarantee is being paid for by "The Government" then we will all lose out. If HMG is itself going to pay the first £16,170 to every depositor, then that is nearly 5 billion pounds, or £80 for every man, woman, and child in the country.

If Darling can find a way of protecting Icesave depositors without it costing the taxpayer anything, then fantastic. But I don't see why I should have to pay to people who made a risky decision for an extra half a percent.

Sorry, what risk? People put money in a bank, a bank who were marketed as being "fully protected", savers believed they were covered by the usual UK banking protections, I am amazed you think this is a risk and that savers should therefore lose their money! We're not talking about the 4:30 at Newmarket here!

You wouldn't be making those kind of stupid comments if your life savings were stuck in an Icesave account would you...

centaurandrew

Nick_C wrote: »

Unfortunately, if the guarantee is being paid for by "The Government" then we will all lose out. If HMG is itself going to pay the first £16,170 to every depositor, then that is nearly 5 billion pounds, or £80 for every man, woman, and child in the country.

If Darling can find a way of protecting Icesave depositors without it costing the taxpayer anything, then fantastic. But I don't see why I should have to pay to people who made a risky decision for an extra half a percent.

Oh well, fortunately, you dont have a choice.

Your (our) money has been spent on much more ridiculous and unworthy causes (millenium dome, olympics, MP's expenses).