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

dld2s

I put £7000 in their ISA belonging to my mum and dad (not a big amount to some folk but a lot to my mum and dad and me) and honestly didn't know about the problems until I logged on tonight, I have gone from despair and feeling like !!!! to, thank christ it looks like i'll get the 7 grand back, it would be nice to get the interest too, but i'm just glad i'm getting the original deposit back, learnt a lesson though, I will probably only save in a GB bank from now on and will be emptying my ICICI account ASAP

[Deleted User]

dld2s wrote: »

I put £7000 in their ISA belonging to my mum and dad (not a big amount to some folk but a lot to my mum and dad and me) and honestly didn't know about the problems until I logged on tonight, I have gone from despair and feeling like !!!! to, thank christ it looks like i'll get the 7 grand back, it would be nice to get the interest too, but i'm just glad i'm getting the original deposit back, learnt a lesson though, I will probably only save in a GB bank from now on and will be emptying my ICICI account ASAP

Yeah, I think we've all learned a lesson! If something looks too good to be true, it probably is.... And where iceland is concerned, it definately is!!

Of course I am happy to know that I will get my original money back, but I still think savers should receive interest upto the point of collapse. My isa money has been there for months, "earning" interest daily, but because I opted for annual interest, I'll get nowt! That simply isn't right, and in my opinion it's theft.

Pendle_Gazza

Deleted_User wrote: »

Just heard Martin Lewis on "It pays to watch", say that ICESAVE savers may NOT receive interest earned, that hasn't been paid to accounts. For example ISA's with annual interest (I have one:mad: ), and presumably fixed rate bonds too.

If this turns out to be true, then I hope ICELAND sinks.:mad:

Some people are NEVER happy!

ManAtHome

ChloeRadshaw wrote: »

I for one am not happy about this,

I will be out of pocket by at least 3K as a result of this and I expect to be compensated - I m not a troll but a senior creditor to Icsave (which is fully regulated by the FSCS)

I was within the 35K protection limit - How are they allowed to do this>?

Huh? If you were under the £35k, how did you rack up £3k in accrued interest not yet credited (don't think they had any account close to 10%, and max time to credit was annually). Why are you a senior creditor, not a normal creditor?

AQAddict

MrsMillar wrote: »

I'll be very happy just to get my capital back and chalk the loss down to experience.

Absolutely, I know I didn't have the greatest wodge of money in there, but based on my fixed bond I've worked out I'll be losing out on about £120. Sure I've thought about what I could buy with that, but yesterday I was facing up to losing my whole deposit. I think the experience is the main thing - I tried to be really honest with myself and analyse why I went with Icesave. Obviously I wanted my savings to be working as hard as they could for me, but ultimately for me *personally* I'll admit there was a degree of greed blinding me to some of the risk.

I do understand that there must be a lot of Icesavers out there with a lot more at stake in terms of annual interest, and I am making no judgement on their feelings about just how much more they stand to lose than me. I'm just blooming happy to be where I am right now, compared to how I felt last night.

[Deleted User]

Pendle_Gazza wrote: »

Some people are NEVER happy!

I'd insult you - but you're not bright enough to notice!:p

GiusCo

LOL, I was reading the forum yesterday and sincerely hoping you all icelanders got your money back, and it is... ordinary joes cannot be said greedy, life is a bit*h and we all try our best shot... said that, alas and !!!!!!, how can some of you moan about interest after being hommaged of a total refund? Exceptional times, exceptional moves... probably time to donate part of your luckily reappeared bankroll to charities, as a grateful gesture to the taxpayer.

[Deleted User]

GiusCo wrote: »

probably time to donate part of your luckily reappeared bankroll to charities, as a grateful gesture to the taxpayer.

I am a taxpayer:rolleyes:

Bromley86

Cool. Refund yourself then. Oh wait, you need a little help?

[Deleted User]

Bromley86 wrote: »

Cool. Refund yourself then. Oh wait, you need a little help?

I don't know what your problem is, but I'll bet it's hard to pronounce!:rotfl: