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

~Chameleon~

altocumulus wrote: »

Mine arrived at 01:26, surname "C" ....

They obviously aren't doing it alphabetically as I got my email before you and my surname is in the last 6 letters of the alphabet

~Chameleon~

Biggles wrote: »

I've yet to receive my email but all this 'phasing' seems academic right now as the login button has been removed from the IceSave website. I imagine the moment they put it back up, eveyone will try and log in and crash the site, email or no......

You won't be able to access the log-in on the website until you've received the second email. They're doing it in batches so they can prevent the site from crashing

oldagetraveller

~Chameleon~ wrote: »

They obviously aren't doing it alphabetically as I got my email before you and my surname is in the last 6 letters of the alphabet

Correct, my name is Aardvaark A AAAAAAA and I haven't received mine yet?:p

~Chameleon~

oldagetraveller wrote: »

It's up to you whether it's left there or transferred. If you can manage without the monthly interest payment then it might be worth leaving alone to run full term.
The FSCS is quite clear that interest that would have been paid at maturity will be added at the end of the term. I read this as the opening rate will be honoured. Then you can transfer out. That option will require a form to be completed which they will send if you choose the full term.

This is exactly how I read it too.

"[FONT=Helvetica,Arial,sans-serif]On the other hand, if you prefer to wait until the end of the fixed term, and receive interest which would have been due at maturity, the electronic process option is not available to you. [/FONT]


If you prefer to try elsewhere then by all means transfer the fixed account out after you receive the second e-mail advising the process. You will then receive interest up to 7th Oct.
I'm still undecided but leaning towards leave in place. Mine matures May 2009.

I'm also in too minds whether to leave it there or move elsewhere now. Mine matures June 2009.

nilrem_2

My fixed matures on 10th Dec 2008 so there is not much point leaving it in but if the maturity date was at least 6 months away I reckon I would leave it providing the interest was fair and the deposit safe.

I suppose one has to weigh up whether it would be better to withdraw and invest in present rates rather than chance leaving it in and have it mature when rates may be a lot lower, a crystal ball would be great!

magpiejay

I'm assuming they are mailing out in order of account number? I opened my account in the first few weeks of operation, so should be a low number. Got my email about 9.30pm.

I too am a little confused about the interest paid if i leave my fixed rate money in. Got paid monthly on the 14th, the 7th oct went in, but for the sake of a £100-odd quid, not sure if it's worth the hassle of a paper claim at the end of term (which may take 6 weeks and still lose a months interest.)

Fiamma

Got the email, arrived into my Inbox (despite the fact that I use SpamAssassin) timestamped 22:31:01 last night. Surname M.

Fiamma

kenshaz

Paul_Herring wrote: »

Not at all. It's just that unlike the intricacies of the passport scheme, it was well known on these boards that money guaranteed under the FSCS would not be generating interest while the compensation was being sorted out.

You're getting your capital back, you're getting interest up to the 7th, you have the option of prematurely terminating any fixed rate bonds you had, and all (by the looks of it) before Christmas.

You're just being greedy.

Why am I being greedy ,it is my money and I placed it in a bank ,not equities. The frozen money will generate revenue. Why is it greedy wanting interest from money deposited in a bank? I cannot understand your logic.

nilrem_2

kenshaz wrote: »

Why am I being greedy ,it is my money and I placed it in a bank ,not equities. The frozen money will generate revenue. Why is it greedy wanting interest from money deposited in a bank? I cannot understand your logic.

People might say you "want your cake and eat it"! AFAIAA the government did not have to compensate the whole amount as they are doing, according to the rules they only needed to pay the difference between the £16k guaranteed by the Icesave passport scheme and the £50k max, people with £16k would have got nowt and people with more than the £50k would have lost the first £16k plus anything above the £50k.

I think many of us are just grateful that the government are paying out TBH, obviously none of us wants to lose interest but we can live with it.

Stormy

At the moment I would just be happy to receive the first email! lol My parents have both got theirs and they have been with Icesave only a short time. Everyone I know seem to have all got theirs. I dont have mine. Typical.