Icesave-please help/advice!!!!

edwinac_2

isofa wrote: »

You are now entering the Icesave log in area.

We have been experiencing intermittent faults with our website over the last 12 hours. These were intermittent faults randomly affecting different groups of customers at random intervals. Our IT team has now resolved the issue.
We apologise for any inconvenience these faults may have caused.

Hehehe!

Over-stressed claims invariably give lie to the truth. These are "random" faults at "random" intervals?? No, honest, they are! Trust us, we're a bank! It's a pretty good way of stemming the capital flow - contriving an IT failure at the height of the crisis!

isofa

edwinac wrote: »

Hehehe!
Over-stressed claims invariably give lie to the truth. These are "random" faults at "random" intervals?? No, honest, they are! Trust us, we're a bank! It's a pretty good way of stemming the capital flow - contriving an IT failure at the height of the crisis!

:rolleyes:

Most people with accounts on this forum (rather than the doom merchants without accounts), have had no problem in accessing the site or moving money today, just read a couple of threads.

It was a very bad tabloidesque report from The Times.

EagerLearner

This doom-mongerer on the Guardian comments section scares me because a) he's doom-mongering but b) is he right? I want to be calm, really I do... but we have £25k with IceSave...

Lawr
Oct 06 08, 8:01pm
So here we have it. This is what happens when a country's currency becomes a pariah. Nobody wants Krona anymore due to the insolvent bankrupt nature of Iceland's financial institutions.
Folks, what you are witnessing here is a dry run for the dollar so witness it well. Once mainstream consensus realises the dollar is toast you will see a repeat performance in the US. You think the Govt is stepping in now-wait until the fertiliser really hits the fan. All the conspiracist's nightmares will start to come true and we will realise that they were the sane bunch after all.
The dollar is dead, its just that not many people know it yet. Paulson knows it, and is resigning in a month psot election fever.
Grabs as much gold and silver bullion as you can. Everything else is wild speculation as the western financial system, irrevocably broken by too much credit, debt and not enough legislation, falls into a smouldering heap.
This is not a prediction , this is a certainty. This is a WHEN, not an IF.
Anyone who disagrees is in denial or needs to educate themselves in basic economics and economic history which once again is repeating itself."

LucyTheDwarf

I think the more people like him say things like that, the more likely it becomes.

But, whatever happens, I'm doing my bit for Iceland, and keeping my money in Kaupthing. And I'd keep it in Icesave if I had any there - I don't because KE has higher rates, not because I'm at all concerned about Icesave.

If the worst happens I am fully confident that I will either get my money back. The government needs votes too much to let us lose a penny.

EagerLearner

Thanks LTD - it's getting to me I guess - almost 4 years of hard saving, since we got married, for a deposit on a flat that may not be protected...

Is there any news on the current actual level of protection for us UK savers with IceSave? I have heard £15k and £25k - which is right?

EalingSaver

EagerLearner wrote: »

Is there any news on the current actual level of protection for us UK savers with IceSave? I have heard £15k and £25k - which is right?

I know searching threads is painful. But if you read the 'Are My Savings Save' article, or the cross reference under the IceSave entry in the Best Savings accounts, you would find the answers.

You are covered up to the FSCS limit, was £35K, from tomorrow £50k. The difference with IceSave, which it isonly fair to make clear, and is in the above, is that IceSave operates the passport scheme under which the first part of that is covered by the Icelandic scheme. That first part is, as I recall, 20k Euro, about £16k. The rest of the protection comes through the FSCS.

EagerLearner

Thank you EalingSaver. It's just that on the news just now I thought they said differently and I took their info as being more up to date than Martin's article (sorry Martin ).

Anyway, I will just have to see what happens over tomorrow/Weds. In any case I had been considering the Natwest ISA as they have such a good rate right now, might be worth transferring that part as then the rest of my cash is protected within the Icelandic limit.

LucyTheDwarf

EagerLearner wrote: »

Is there any news on the current actual level of protection for us UK savers with IceSave? I have heard £15k and £25k - which is right?

I haven't read anything about the passport scheme now that Iceland have decide to protect 100% of Icelandic deposits. However, their website does state that you would get the full £50,000 in the cash of the worst happening. I don't know how this sits with the passport scheme, but my instinct says you'll be fine.

Note it hasn't been updated for the 100% Icelandic compensation...

http://www.icesave.co.uk/financial-protection.html

agbuchner

Have a look at the Channel 4 News video at http://www.channel4.com/news/articles/business_money/iceland+freezes+share+trading/2488687

If I understand this correctly, this is not good news for anybody with savings in an IceSave account (myself included)

worldwheeler

should have stayed with Bejam