!00% for Iceland savers but??

ipri

What about the rest of us...? not fair..?

KingL

Please expand, your post doesn't make a lot of sense.

PasturesNew

the hope is, that every bank will be the last one rescued.
The Govt have said they will do everything they can to protect savers, it's just you're onlly guaranteed up to £50k. They will keep rescuing banks while they can, for savers.

Now shoo and take that chip on your shoulder with you, it smells.

cos69

ipri wrote: »

What about the rest of us...? not fair..?

I assume you have one of off-shore accounts that are not covered by the UK government guarantee ! If so, that's difficult. Perhaps you could expand on your problem

ipri

Dont have a problem...all i'm saying is that I'm covered upto £50K since I have savings in the UK...but (apparently) If the money was in ,say ,an Icelandic bank,the cover would be limitless... Why the vitriol?...

meester

ipri wrote: »

Dont have a problem...all i'm saying

You didn't actually say that in your original post.

is that I'm covered upto £50K since I have savings in the UK...but (apparently) If the money was in ,say ,an Icelandic bank,the cover would be limitless... Why the vitriol?...

Nobody was clear what you were complaining about.

BTW, the government has repeatedly bailed out banks for 100% of savers money, but refuses to commit to doing so for commercial reasons.

The only reason Icesave is 100% bailed out is that they have actually gone bust. In theory they were only protected to £50k.

Lavendyr

The UK govt have acted no differently over Icesave than they have over every UK bank that has come close to failure. Northern Rock, B&B, A&L...each one has been saved as a result of action by the UK govt, and during the NR situation, the govt also pledged 100% protection for savers. Why do you seem to think they are treating savers in Icelandic banks preferentially?

ipri

I may be mistaken..but savers in Icelandic banks have been told that 100% of All savings are covered...but here ..only £50 K is safe....seems different to me...

Aegis

ipri wrote: »

I may be mistaken..but savers in Icelandic banks have been told that 100% of All savings are covered...but here ..only £50 K is safe....seems different to me...

The difference is that none of your banks are currently bust, so you actually have access to your savings.

globalds

ipri wrote: »

I may be mistaken..but savers in Icelandic banks have been told that 100% of All savings are covered...

Talk is cheap ..Who is covering those debts ...The government ..Who are they going to lend off ..
Iceland is going to have to negotiate a bailout ...And the Icelandic people will be paying that back for a long time .

nilrem_2

ipri wrote: »

I may be mistaken..but savers in Icelandic banks have been told that 100% of All savings are covered...but here ..only £50 K is safe....seems different to me...

They haven't actually said that, what has happened is that the government has said it will act to protect savers where necessary, which it has done, when Icesave went bust they said that savers would get 100% back, the normal FSCS protection is fixed at £50,000 but if a UK bank or Building society failed they would give the same guarantee as Icesave, if the Government is protecting the savings of an Icelandic bank when they didn't have to you can be pretty sure they will do the same for other UK accounts.