Icesave - everyone will be paid

Hillfly

popmacca wrote: »

Not good news for me..... i'm paying to bail out the "rate chasers":mad:

I accidentally thanked you but really I just wanted to say that I appreciate your generous contribution to reimburing me my savings!

Do you really think people who put their savings in an account paying a good rate are "rate chasers"? Would you prefer peeps to keep it under the bed? Or perhaps in a UK bank paying 0.5% on current accounts?

I think you are being a little insensitive to thsoe who lost out. An in return I accept that perhaps we who havelost out are feeling a little 'sensitive'.

bazster

randomnut wrote: »

As soon as I see that cash back i'm investing in gold straight away, a lot safer.

Are you gonna keep it under your bed or deposit it in a bank? :rotfl:

iwhitehouse

The "rate chasers" were actually just sensible hard working people who have money to invest not foolhardy 'up their eyeballs in debt' borrowers or stocks and share 'speculators'. They are the ones who took the trouble to find the best deals available rather than accept mediocre high street accounts out of laziness.

Dont forget these were SAVINGS ACCOUNTS. The idea of that is there should be no risk. We were given a guarantee about the security of our deposits. It seems that the Icelandic institutions involved were acting in what must only be considered an illegal fashion when they had no capability to honour those guarantees.

The chancellor sounds understandbly miffed that the Icelandic government has walked away from the problem and after sorting out the immediate needs of the SAVERS who have been deceived will most likely take legal action to recover his costs. At the risk of sounding a bit 'Daily Mail' I think that seizure of Icelandic assets in the UK would not be unreasonable in the circumstances.

Ximian

Rate chasers.... and you're bailing them out? How are you bailing the "rate chasers" out? Through your tax contributions? Do you pay Tax .. just you alone? It's normal to think that way if you're not a "rate chaser" but keep in mind that the other £50Bn is to also save local banks, nevermind Icesave

fitnessqueen_2

Quote from earlier in the year from This is Money "Financial Website of the Year" :

"Icesave is regulated by the UK Financial Services Authority so you have the same financial protection that you would have if you opened an account with a UK bank"

I am very cautious with money- I had some given to me by my dad to put away for my kids uni fees (I am a divorced mum with a big mortgage). I resent being referred degoratively to as a "rate chaser" - most of us invested in good faith and I wanted to try and build up a good lump sum for my boys.

I felt that the Guarantee from Iceland was as good as one from the UK, it just might be a bit more hassle claiming. I didn't think there was a possibility that the whole country would go effectively bankrupt.

Lets face it- what worth are any of these guarantees if the first time one of them is tested people lose their money. What about all these countries that have guaranteed 100% of savings- do they have enough in the coffers to pay up? If people are going to lose money where a compensation scheme is in place then I think the Goverment has no choice. It is not doing it out of the goodness of its heart- it is doing it to prevent further falls in confidence and savers starting to panic which would lead to further runs on Banks.

Sorry about the rant- have had a sleepless night along with many others.

home_alone

Comfortably_Numb wrote: »

If this comes off, it's nearly enough for them to get my vote:j

Mine as well, they really have shown compassion and I am a tory well done boys they look good at their press conference taking place now.

gary

DigitalJedi

popmacca wrote: »

Not good news for me..... i'm paying to bail out the "rate chasers":mad:

*cough* muppet *cough*

I suppose if you ever lost your job or got ill you wouldn't expect benefits and would pay fully for your own treatment. This is what a decent society do.

I resent paying for numpties who defraud the system, don't work or have borrowed irresponsibly. But we're talking about people here who have saved hard, put their faith in a bank seemingly as protected as any UK bank. The only "irresponsible" thing we did was wanting to maximise our interest. But even then it wasn't at such a high rate that the old adage "if it looks too good to be true....." applied.

Go find yourself someone else to annoy.

DigitalJedi

chesky369 wrote: »

It's wonderful how quickly ones attitudes change - yesterday, I was worried about my £29k in Icesave but today I'm really p--d off about my loss of interest...........

For now I'd just be thankful the dynamic duo in No10 have stepped in and saved our bacon. Interest and whether or not we can recover our ISA wrapper is not going to cause me any sleepless nights!

IT_nerd

chesky369 wrote: »

It's wonderful how quickly ones attitudes change - yesterday, I was worried about my £29k in Icesave but today I'm really p--d off about my loss of interest...........

To be fair, that's what? £2K?
I'd say that's enough to be !!!!ed off about.
Still, be happy your money is safe! *crossed fingers*

LGG_2

how do ppl know they will lose their intrest. the comp scheme from many reports covers the intrest and at this stage icesave is still up and running. until it gets anounced we arent even in a position of claiming yet. think positivecause im due intrest on/around friday and seeing as icesave still excists and all accounts are still on their site i hoping that i will get mine.am i being daft?