IMPORTANT! FSCS Icesave payouts to start in November...

Patr100

amnesiacjimmy wrote: »

Nope it didn't work Wonder what to do now

Erm,, have you actually tried phoning them? . They'll reset your account if it's locked..
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Gerontius_2

Hi ppl,
Same, same. My new maturity date is 10/10/08. Since I only recently climbed into Icesave, I have a three year bond maturing on 12/08/11. I cannot conceive that the FSCS will pay me three years interest at 7% in November, nor that they'll hold my money for three years and then pay me. It seems to me there's no question they'll interpret the maturity date as defined in my (our) current statement and pay out the sum contained therein i.e the amount I deposited - no more, no less. Effectively I will have lost three month's interest, for me £70 after tax. Not a disaster, but intensely annoying as the 100% guarantee as quoted by the FSA will have proved less than accurate. What confidence?

briskly_2

I've just looked at the Icesave site and my 1 yr bond maturity date has changed from 8 Feb 09 to 10 Oct 08 too!

LumpyCustard_2

10_66 wrote: »

... If that didn’t work I’d ring Icesave on 0191 255 8377 (it’s the geographic alternative to their 0845 605 6050 number, so will be cheaper).

Wouldn't the 0845 number be cheaper (or the same price if you're in Newcastle)?

~Chameleon~

It seems to me that those of us with fixed term accounts now have a new maturity date of 10/10/08 and we will receive our deposits back with interest paid up until that date, and not the original date of maturity.

Very clever of the FCSC as it means their earlier statement of paying interest on fixed term accounts until date of maturity is still technically true :rotfl:

10_66

LumpyCustard wrote: »

Wouldn't the 0845 number be cheaper (or the same price if you're in Newcastle)?

Depends on who you use to make phone calls with. I follow the HEINZ PROGRAM so calling a geographic number is cheaper than 0845 numbers etc.

Biggles

~Chameleon~ wrote: »

It seems to me that those of us with fixed term accounts now have a new maturity date of 10/10/08 and we will receive our deposits back with interest paid up until that date, and not the original date of maturity.

Very clever of the FCSC as it means their earlier statement of paying interest on fixed term accounts until date of maturity is still technically true

I assume the changing of the date is IceSave's doing - probably to ensure they aren't liable for any further interest themsleves. There's no reason (yet) to disbelieve the FSCS's pevious statement that payment of interest will be up to the original maturity date.

~Chameleon~

Biggles wrote: »

I assume the changing of the date is IceSave's doing - probably to ensure they aren't liable for any further interest themsleves. There's no reason (yet) to disbelieve the FSCS's pevious statement that payment of interest will be up to the original maturity date.

Ahhh good point, I hadn't considered that. I assumed it was all part of the preparations by FCSC before they started rolling out the payments.

altocumulus

~Chameleon~ wrote: »

Ahhh good point, I hadn't considered that. I assumed it was all part of the preparations by FCSC before they started rolling out the payments.

Should not be too long now - it's nearly November ..... :j:beer:

~Chameleon~

altocumulus wrote: »

Should not be too long now - it's nearly November ..... :j:beer:

Yup!!! Then you really will be on "cloud" nine