IceSave - Interest

SephirothX

According to my account it seems the first payment to my account was 11/10/07 which means I should have been getting interest within the next week? Will I get this now? It's quite disappointing if not. What about if I switch to monthly interest? Will the previous 11 be paid straight in?

LGG_2

good question. im due intrest on/around the 11th aswell. im hoping that as icesave/landsbanki is still operating so to speak thats theres a chance i might get some.

LGG_2

posted in another thread by stompa



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FWIW Icesave still seems to be ticking over. I logged in earlier this morning and found that my monthly interest had been credited to my account as normal.



Stompa

kaydubya

Was wondering this myself.

Had money there for the last couple of years, which I've been withdrawing over the last few months as I've just bought a house.

Took the last lot out - bar £95 which I left in - at the weekend, I'd have done this anyway regardless of the current crisis.

I'm due my yearly interest in the next month, something which would have come in handy with all the purchases I'm making for my new place and am now wondering if I will get it. I'll be gutted if I don't but at least I got my money out. Looks like I'll be leaving the token £95 I left in and seeing what happens.

SephirothX

Yeah I just saw that LGG. I have to wait until the 13th to see if I get mine since the 11th is a Saturday. Who knows what the situation could be by then.

LGG_2

dito i think i was due intrest on the 11th so its the next working day then and not friday?

SephirothX

It'll be next working day according to the site, since it falls on a non-working day.

collingwood21

I have been with them since March and have recently changed from annual to monthly interest - but I don't know if it is too late to have an effect now as nothing has appeared in my account yet. The annoying thing is, if I have been on monthly interest from the start I wouldn't be losing any interest. I hope there is an announcement soon to resolve this issue.

lutralutra

Mmm, I'm on annual interest currently (joined in March 2008) but does anyone know if I switched to monthly, would it recalculate the interest that I would have got for the last 7 months if I'd been on monthly interest from the start and then pay it at the next monthly due date? Or (as I fear is the case) at the next monthly due would it just pay for the period since I switched, and only at the annual due date would I get the interest for the first 7 months?

Though all things considered, even if I switched today the chances of Icesave making it to the next monthly due date seem pretty much non-existent.

Needless to say, I'm a bit gutted at most likely losing all the interest earned so far plus a long wait without interest to reclaim the original sum...