Does your household have money in Icesave?

PasturesNew

thankfully, no!

I have nothing with this bank.

moanymoany

thankfully, no!

Chap on the tele says £4 billion has been put in icesave by Brits.

I would take any money I had in Icelandic banks and put it somewhere safe. I would have done this before now because these banks have looked dices for some time.

adr0ck

thankfully, no!

what savings :rotfl::rotfl::rotfl::rotfl::rotfl:

if i had savings how would i have afforded my ridiculously over priced house that i can't possibly afford to keep?

WTF?_2

thankfully, no!

dannyboycey wrote: »

It is my understanding that they will be nationalised?.... which would lead me to believe that my money is safe. Perhaps I'm just stupidly optimistic.

However, I do feel for those who need to get at their cash quickly for whatever reason.

I don't want to panic you but while normally 'nationalised = good for depositors' in the case of Iceland, the nation consists of around 300,000 people.

There's no way that they can possibly hope to cover the liabilities of their big banks.

Sky News are reporting that Icesave savers will have to apply for compensation:

http://news.sky.com/skynews/Home/Business/Online-Bank-Icesave-Suspends-Withdrawals-And-Deposits-UK-Savers-Face-Applying-For-Money/Article/200810115114867?lpos=Business_Carousel_Region_0&lid=ARTICLE_15114867_Online_Bank_Icesave_Suspends_Withdrawals_And_Deposits%3A_UK_Savers_Face_Applying_For_Money

What does the nationalisation mean for UK customers? The Banking Compensation Scheme "expects (Icelandic internet bank) Icesave to default", meaning 300,000 UK savers may need to claim compensation.

I think you should be OK in the end but this may be a long drawn-out process.

StevieJ

Yes, less than £50k

Just the interest in Icesave £ 256 and £250 due 19/10. I took the main balance out end of Sept. I do have a fixed bond with Heritable bank due this month.

blisk

Good luck peeps trying to get your money back from Iceland, you'll have a long wait.

In these situations you'll find Iceland will delay as long as possible paying out as the whole countries economy is up the creek without an igloo.

Gorgeous_George

thankfully, no!

My mortgage and my savings are with Building Societies. I use banks for banking (ready cash).

If I had STR's earlier this year, I think I may have deposited up to the £35K (guaranteed savings) in some banks including Icesave.

GG

lynzpower

thankfully, no!

nope, although only because a glitch from housemoving meant that my icesave accoujnt wasnt set up properly ( my fault) once I moved I went for KE & deposited money there.

westv

Just found out this evening that the guy buying our house had had his large deposit with Icesave. Fortunately he decided to ignore the solicitors assurances that the money could be paid on completion and decided to transfer the money to the relevant account on exchange. Phewww!! that was close!

mewbie_2

No.. but we did buy some chicken nuggets from there on the strength of a TV advert by some attractive, if rather strident young strumpet. They weren't very nice.