Icesave compensation payouts... how to keep the pressure up

Lisa_J

Thank you Martin


I LOVE YOU !!!!!

XXXXXXXXX

:beer: :T :T :T :T

cwcw

TattyBear wrote: »

By strange coincedence, the above reply from Cameron's office is word for word almost EXACTLY the same as the text of the letter I received from Ian Liddell-Grainger, my local MP!

Cut and paste seems to be the order of the day at Conservative HQ.

At least they bothered at all though! None of the others replied, even my local MP (a certain Mr Clegg).

zoebel

So...what about the 1 month plus lost interest?

Former_MSE_Dan

Hi zoebel,

The last official statement is that interest will be paid up until the date it went into default. Sorry there's no more info than this.

Dan

cwcw

zoebel wrote: »

So...what about the 1 month plus lost interest?

I'm willing to take the hit as a lesson learned, personally. Had it been 6 months lost interest it might be different but a month or 2 can serve as a reminder of why never to deposit in a non-100% FSCS bank ever again.

TattyBear

jem16 wrote: »

It's on the FSCS website now.

http://www.fscs.org.uk/consumer/

Roll on 3rd November then!:T

Although there's no mention of how they will label depositor's ISA funds so they stay in the tax free wrapper. My linked Icesave account is my current account. How will my ISA money stay separate from my current account money for purposes of then transferring my ISA money to an ISA with another provider?

No one will know, except maybe the FSCA, how much I have in my Icesave ISA. As it appears to stand at the moment, I could theoretically transfer a load more than my current ISA balance to a new provider, and no one would be any the wiser.

Optimist

Lisa_J wrote: »

Thank you Martin


ILOVE YOU !!!!!

XXXXXXXXX

:beer: :T :T :T :T

Oh good grief !!

Optimist

zoebel wrote: »

So...what about the 1 month plus lost interest?

I'm just thankful to be getting my money back. Any lost interest will be put down to experience I think

dougk_2

Still think the easiest way would be to say icesave.co.uk is now part of Newcastle building society and that the accounts can be accessed as normal for people to do whatthey want. e.g. icesave UK is NBS now. This way there would be no need to do anything at all - just a change of ownership (maybe with modified interest rates).
The government could then bung the funds to NBS and then go about getting the money back from whatever Icelandic assets they can (including those in iceland!)

AB31

I'm possibly nit-picking but I find the first para of the statement rather unclear, the bit in bold:

The more than 200,000 retail depositors with savings in Icesave UK, the topped up retail deposit business of the UK branch of Landsbanki, will get back their savings through an accelerated process, the Financial Services Compensation Scheme announced today.

I can't see the relevance of "the topped up".

I thought the subject of "interest" had been flogged to death on this forum. I was under the impression that instant access accounts won't get any, but fixed rate term accounts will get interest up the point of normal maturity.