Icesave - 11 Days Later & We Are No Wiser

[Deleted User]

I think april if we are lucky.

I have written to 9 people including mp`s etc and already had a reply. We need their backing. The link is on a previous page. It takes 5 minutes if you cut and paste to everyone

zzyorkshirepuddingzz

kittie wrote: »

I think april if we are lucky.

I have written to 9 people including mp`s etc and already had a reply. We need their backing. The link is on a previous page. It takes 5 minutes if you cut and paste to everyone

Can't find the previous page with the links Kittie. Can you give them to me again please. How come there are 9 people?

cwcw

If it takes until April then I've lost out on over £1,000 in interest payments - how have I not lost out, as a British depositor? I'd say 300,000 of us had lost out.

Swipe

cwcw wrote: »

If it takes until April then I've lost out on over £1,000 in interest payments - how have I not lost out, as a British depositor? I'd say 300,000 of us had lost out.

That's the risk we took when we put our money in there. I really don't care about lost interest as long as I get my money back in full. If it takes up to 12 months, so be it.

tweet

[SIZE=-1]I read "no UK saver will lose money" as just that, not that we wouldn't lose out on money (interest).
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altocumulus

andy_l wrote: »

NEW UPDATE GUYS:




Important Announcements


FSCS proposals for accelerated payment process being considered in Iceland (17 October 2008)

Over 200,000 UK savers with around 300,000 accounts at Icesave, the UK branch of Landsbanki, are a step closer to getting their money back this week, as the authorities in the UK and Iceland work on the process for accelerating the payment of compensation to them.
The FSCS, together with representatives of H M Treasury, the Financial Services Authority and the Bank of England, met with counterparts in Iceland last weekend. Significant progress was made and an accelerated approach to paying compensation was agreed in principle.
Since then, the UK authorities have been working on the detail of alternatives to the conventional, form-based compensation process and these have been put to Icelandic counterparts for consideration.
FSCS Chief Executive Loretta Minghella said today: "Our message to savers entitled to our protection is simple: your money is safe. Our paramount concern is to ensure that you get it back as quickly as possible, so we are doing everything we can to agree an innovative solution which will significantly accelerate the process."
Meanwhile, we have been working closely with the systems operators for Icesave, so that we can get timely access to the data we need to verify claims. We are pleased to report that we are receiving excellent co-operation from them.
The Authorities hope to settle the process over the coming days, and expect to issue guidance next week about how savers will be able to claim their money.

Gulp!!!!!....

meanmachine_2

Ha, you see?

This will take months, if it happens at all.

Again all the passive plonkers on here who expect politicians to do everything for them will find that we'll end up with nothing as a result.

meanmachine_2

Swipe wrote: »

That's the risk we took when we put our money in there. I really don't care about lost interest as long as I get my money back in full. If it takes up to 12 months, so be it.

Er no.

If that's actually the "risk" I'd signed up to I would have expected an interest rate closer to 1000%, not 6.3%.

Swipe

meanmachine wrote: »

Er no.

If that's actually the "risk" I'd signed up to I would have expected an interest rate closer to 1000%, not 6.3%.

Errr, yes. We were all made aware that (in the unlikely event) if we needed to claim it could be very bureaucratic and may take longer.

meanmachine_2

Swipe wrote: »

Errr, yes. We were all made aware that (in the unlikely event) if we needed to claim it could be very bureaucratic and may take longer.

Er no. That wasn't the terminally that Icesave used.

Please explain to me where on the Icesave website they used the phrase "we're paying you a rate comparable to the highest interest UK account because, in the event we collapse, you'll not get your money back for 12 months, thereby making the equivalent savings rate 0.00005%". Thank you. Clear difference".