Kaupthing Edge-fixed term deposit, ne1 had theirs broken?

gimp101

Still nothing here (requested 7th).

ChloeRadshaw

gimp101 wrote: »

Still nothing here (requested 7th).

Is anyone following up with ING on this?

What are they playing at

Morven

I have a fixed term bond with KE not maturing until July next year. I'd been thinking of leaving it if the interest rate was going to be OK but ING have been very cagey with me about that.

Does anyone know any more than I do or would you all advise me to have the money transferred to my ordinary savings account with them?

Do I just phone up up to request this or can it be done over the internet?

tomandkath

I rang to end my fixed term accounts on 6th October. I also initiated a Bacs to transfer £8ish from my KE savings account, which was the interest I had accrued on the £100 in there. The Bacs came through last Friday as promised, but no sign of the £20,000 being transferred. I am getting a bit twitchy about this, but I suppose all the missing Chaps and Bacs will have to be resolved before they start taking our enquiries seriously.

Happychappy

Hi

I took out a £35k fixed term one year bond for 7.2% in June 2008 with Kaupthing Edge. I have just spoken to ING who are giving a categorical assurrance that the bond started in June 08 and will mature in June 09 and during the whole of the period it will receive the 7.2% interest. Give them a call, I see no need to break the bond or panic, why move it out to a lesser rate ?

Lavendyr

Speaking for myself, I don't want my money in a bank not covered by the UK FSCS. Simple as that.

tomandkath

Same here!

sloughflint

Happychappy wrote: »

Give them a call, I see no need to break the bond or panic, why move it out to a lesser rate ?

Have you not considered the possibility that some people no longer have access to their 'easy access' Icesave savings?

stevetodd

gimp101 wrote: »

Still nothing here (requested 7th).

I requested on the 7th too and the money has today been transferred into my instant access KP account, there has been some interest of £124.54 which is less than I expected as the money was paid into the bond on 24th Sept so there should have almost been one months interest on £33,000.

Edit: just realized that with the 20% tax deduction (which slipped my mind) it is about right

sloughflint

stevetodd wrote: »

I requested on the 7th too and the money has today been transferred into my instant access KP account, there has been some interest of £124.54 which is less than I expected as the money was paid into the bond on 24th Sept so there should have almost been one months interest on £33,000.

And in your easy access account, did the outward and inward movements show? Same question to Lavendyr.

Steve, are you aware that the interest should be minus 1%? Could that be why it is les than you expected?