MARTIN LEWIS on "It pays to watch" says we may NOT be paid interest (ICESAVE)...

krisskross

But isn't some of this money to pay everyone from taxpayers?
Should British taxpayers really be compensating investors for money perhaps lost in a foreign bank?

ed123_2

...it is covered p47 re 1999 fsa consultation document, & statement from Suszane Browne communication officer at FSCS. ( there is a post re this on Motley Fool, Saving & Current account section.

hyposmurf

Im glad I went for the monthly interest option then,although I guess I wont get interest for the interim waiting to be refunded, but to get my money back as it is I am grateful.

[Deleted User]

stebiz wrote: »

You just can't please some people can you. Don't be greedy - there are enough bankers out there who fall into this category.

Stebiz

Greedy??!! Now you're just taking the p. Of course we should be paid interest earned upto the point of "collapse". The fact that some savers opted for annual interest, instead of monthly, should make no difference whatsoever, it was still being earned in the background. There will also be many icesave customers with fixed rate bonds, and this may apply to them also.

Lavendyr

krisskross wrote: »

But isn't some of this money to pay everyone from taxpayers?Should British taxpayers really be compensating investors for money perhaps lost in a foreign bank?

It was a UK subsidiary of a foreign bank. The key difference is in the compensation scheme. Those of us with savings in Icesave also pay taxes. Furthermore, placing a deposit in a bank regulated by the FSA can hardly be described as 'investing'. Should the UK government fail to provide support in this instance, it could undermine confidence in the entire banking system. That risk is too great to ignore - hence the compensation.

Riq

Deleted_User wrote: »

I haven't yet:p And would you be...? I think not.:rolleyes:

I'd be greatful to get my money back though, since the tax payer has guaranteed it :rolleyes:

What next? When you get your interest owed you demand compensation? :rolleyes:

ad44downey

Deleted_User wrote: »

Greedy??!! Now you're just taking the p. Of course we should be paid interest earned upto the point of "collapse". The fact that some savers opted for annual interest, instead of monthly, should make no difference whatsoever, it was still being earned in the background. .

It's just as well you have all those gold bars hidden away for a rainy day then

[Deleted User]

Riq wrote: »

What next? When you get your interest owed you demand compensation? :rolleyes:

Did I say that...? No. :rolleyes:

MrsMillar

Yes - I would like all the interest too. But given that this time yesterday it looked like I could completely lose out on the 16K that Iceland were supposed to sort out, I'll be very happy just to get my capital back and chalk the loss down to experience.

[Deleted User]

ad44downey wrote: »

It's just as well you have all those gold bars hidden away for a rainy day then

Yes, it is I suppose; thanks for reminding me! :T