'Icesave... angry, frustrated and upset...' blog discussion

brookhaven

Hi,

Last Friday I transferred money out of our Icesave account which was shown as leaving the account on Monday. On Tuesday transactions were blocked.

I just checked our bank account and nothing had arrived but on checking the Icesave account the transferred money has been returned to the account.

HTH

filthylucrenoo

d.edna, I think you're the only person who can say why you're pompous.
You said:

Personally I'd give you the capital back and nothing else, interest is free and considered a bonus, You never had the interest to begin with.

Interest up until the date a bank is declared in default (or until the date of maturity of a fixed term bond) is included in the amount to be reimbursed under the compensation scheme up to the limit of £50,000. As you may be aware, Alistair Darling has undertaken to reimburse all monies. Thank god he's in charge and not you.

caseystar

Martin gave us information on what was available at the time. It also came with a warning. It was up to us whether to save with them or not, our money, our decision!

No-one knew this would happen or people would never have opened an account with them in the first place.

Martin has helped save me hundreds of pounds in the past and I fully intend to continue using Mse for future references.

Of course the final decision is mine and mine alone.

Chin up Martin!

JPC

In my opinion the FSA has failed miserably yet again!!
The FSA should have been monitoring the amount of money going into Iceland and comparing it with the population of that country!!

Around the population of Coventry.... that's about 330,000 divided into the £800 Million debt they owe UK alone... it means each man woman and child of Iceland owes us £2.5 Million.....(Each!... Each!!..."Each mind you!!")
Where is the sense in that??????
The FSA should have blown the whistle on Iceland long, long, ago!!

I see Denmark are thinking of legal action as well.... !
So how much money have these scoundrals got away with in total???
Regards
John

judege

Spendless wrote: »

The people complaining, you obviously read the recommendation (cos you acted upon it) but why did you not see the 'warning' that Martin refers to in his blog that has been there for several months? or did you see it and not act upon it? Sorry if this has been covered somewhere else, I have read a lot but not all of this thread.

I'm not complaining about Martin but, as I said in post no. 65, some of us opened Icesave ISAs after reading Martin's guide, but BEFORE he put the warning up.

judege

JPC wrote: »

Around the population of Coventry.... that's about 330,000 divided into the £800 Million debt they owe UK alone... it means each man woman and child of Iceland owes us £2.5 Million.....(Each!... Each!!..."Each mind you!!")

I think that should be £2.5 thousand each!!

Spendless

judege wrote: »

I'm not complaining about Martin but, as I said in post no. 65, some of us opened Icesave ISAs after reading Martin's guide, but BEFORE he put the warning up.

Yes I understand that, but then you went on to never see the warnings? I'm asking not judging btw. eg you never saw the blog he did or ever went back to any guide about Icesave?

ETA - I went back to read your post 65, and that's what I mean, it was your choice to leave the money in the ISA's even after you'd seen a warning, even if the warning wasn't there originally.

Not a criticism of you personally, you've said you're not complaining about Martin, just trying to understand where people are coming from.

PaulS43

To be fair I've read this entire thread with a sympathetic feeling for some and disappointment with others.

I think Martin Lewis is a good man. I think it may be a tad true too that he likes to tell us on occasion how he's helping ordinary people (which he has and does, I might add) [ego] - but all things said, Martin is a good man who is motivated by helping ordinary people make the most of their lot. Whether that be assisting people who are in debt (like me), or for those who aren't with suggestions on how to get a return on their surpluses.

I personally find it quite disgusting that some of the posters on here have slagged off the fellow and I think it time that these people got a grip of themselves! Martin is NOT a greased down forked tongue salesman out to confuse and coerse for a quick buck for himself. Aside of the fact he has given many ideas to a great many people about how to improve their lot, how he funds his site is quite open AND he *is* entitled to make a living. I don't think he's ever been anything less than open in the way he operates and for any that percentage of you to suggest otherwise frankly fills the rest of us with revulsion!

Filthy, filthy money! Now I have said before on this thread that I think those of you who have had money put aside in these Icelandic banks should get your CAPITAL back. But every investment does have risks. Whilst those of you being understandably worried about losing everything is one thing, losing or mnot getting a 3rd party to give you interest is another. Those of you slagging off those of us who hold this view just can't see how badly your scrambling around paints you in the eyes of onlookers.

Get a grip! The government - probably because they mistakenly think they'll keep your votes next time raound - have said you'll get your money back. So pull yourselves together, get a grip, be patient, stop showing just how much you don't care about anyone or anything welse for the green eyed monster that filthy, filthy money is and accept you are going to get back an amount which is actually MORE than reasonable.

And please STOP slagging off and blaming any and everybody who is not of a mind that you should actually be awarded tripple interest on your capital for all the worries you've had. You are going to get your money back so this stream of squalour in comments and behaviour really should stop NOW.

And as for Martin, were I him, I'd be incredibly hurt and angry that people were holding him responsible for the GREEDY acts of banks, mostly in the US which has brought the whole house of cards down.

You people - and you know who you are - you really don't realise who your friends are: Stop acting like prats and driving any and every ounce of goodwill out of the very people who will band together to help you. Save it. Just save the abuse and give it (if you have to) for the people whom it's justifiably understandable to vent it at.

judege

Spendless wrote: »

Yes I understand that, but then you went on to never see the warnings? I'm asking not judging btw. eg you never saw the blog he did or ever went back to any guide about Icesave?

ETA - I went back to read your post 65, and that's what I mean, it was your choice to leave the money in the ISA's even after you'd seen a warning, even if the warning wasn't there originally.

Not a criticism of you personally, you've said you're not complaining about Martin, just trying to understand where people are coming from.

You're absolutely right. I had ample opportunity to change to a different bank after Martin's warning appeared, and I have only myself to blame for not doing so. Partly laziness as we had only just opened them!
My only defence is that I didn't know I could transfer ISAs mid-tax year (and I'm still not really sure). Can anyone help on that one, or does anyone know where they would have been accepted?

Spendless

judege wrote: »

You're absolutely right. I had ample opportunity to change to a different bank after Martin's warning appeared, and I have only myself to blame for not doing so. Partly laziness as we had only just opened them!
My only defence is that I didn't know I could transfer ISAs mid-tax year (and I'm still not really sure). Can anyone help on that one, or does anyone know where they would have been accepted?

I don't think you can:cool: , though am sure someone more knowledgeable can answer you a lot better. I realise your dilemma, take them out and perhaps not be able to transfer and your money would have had to go in a different type of account for rest of tax year or leave them in even though you've seen the warnings.

Thanks for answering me, like I said I wasn't judging just trying to understand people's pov's.

all the best