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Heritable bank has gone into administration..
ed123_2
Posts: 556 Forumite
...managed by Ernest Young, people will have to claim via the FSCS, full amount £50k....even though Icesave is also a subsidairy of Landbanki, it has the passport partial scheme....strange??
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I have a two year fixed rate bond with Heritable Bank. I am eights months into it. Will the FSCS cover the interest accrued even though it hasn't been paid into my account?0
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DanielHarrison1974 wrote: »I have a two year fixed rate bond with Heritable Bank. I am eights months into it. Will the FSCS cover the interest accrued even though it hasn't been paid into my account?
I have also one of those, due next week (can you believe that?). As far as I am aware the FSCS will pay interest up to the point they get involved, none after.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
...managed by Ernest Young, people will have to claim via the FSCS, full amount £50k....even though Icesave is also a subsidairy of Landbanki, it has the passport partial scheme....strange??
I think Heritable was originally a UK bank.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
On sky news its saying at the bottom of the page that ing is to recieve depoists from kaupthing and and heritable, anyone know what this means.0
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We’ve just contacted the FSCS by phone who advised, for the moment, to do absolutely nothing with regard to Heritable and Icesave. He said that Heritable and Icesave may still be 'picked-up' by another bank and may open website et-al, BAU (Business as Usual) in due course. If we did have to claim, they contact us, albeit he said that this is the first time this has happened so he wasn’t too sure himself what was going on but just to hold tight0
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Here is a link.
http://www.teletext.co.uk/news/national/c0a2f2479ab752ad276c2f08bb5b1669/ING+acquires+UK+deposits.aspx
Cool'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
[strike]That should straighten out the question mark over continuing ISA status - and should ensure no loss of interest either (the alternative being interest frozen and depositors paid out of the compensation scheme itself - with an uncertain and untested delay)[/strike]
Would do, if it referred to Iceland bank! (Whoops, sorry, didn't read the details closely enough!).....under construction.... COVID is a [discontinued] scam0 -
[strike]That should straighten out the question mark over continuing ISA status - and should ensure no loss of interest either (the alternative being interest frozen and depositors paid out of the compensation scheme itself - with an uncertain and untested delay)[/strike]
Would do, if it referred to Iceland bank! (Whoops, sorry, didn't read the details closely enough!)
What do you mean there Icesave?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
i have a 3 yr fixed bond which matures april 09 £ 15K.
am i correct in thinking this money is safe???0 -
Yup, Looks like you have turned orange.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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