Ex-ICEsavers - where now?

SarahNeedle1872

My ISA money will stay just that (but where to put it yet depends on what the FSCS decide), and the rest I will stick in the account linked to my current acc until I decide where to put it.... one lot needs to be instant access for sure, the other lot I can sit on for a while....

Chesky, if you want somewhere to put your millions, I can help.... My mattress is 100% safe, and Im not in any 'passport scheme'

moneylover

I also shall leave my Icesave 6.6% 2 year bonds where they are unless we get the choice to withdraw with no loss of interest up to date of closure and there are bonds with a higher rate available at the time.

At the moment I am literally scraping together every penny that I can afford to put away for the longer term and putting it in fixed rate accounts. I am able to tie money up for two years so my favourite at the moment is 7% from Anglo Irish Bank. However this is passport scheme so may not be everyones liking. To get as much as possible together I have been taking money out of regular savers where there is no penalty and also, again where no penalty, reducing the amount I put into other regular savers. My husband and I retire next year so need our savings to work as hard as possible!

andy_l_2

Well I'm going to pay off over half my mortgage with mine and then it will be about 15 mnths until it is all paid off.Then maybe in that time when things have started to settle down I will start saving again.I'm with Nationwide and if I really need the money I can always get it back out again

PJD

currently:

Scottish Widows ISA

A&L

Halifax fixed rate 7%

i've also applied for Birmingham Midshires - but might not bother after what
i've read on this thread

And Tescos


But in all honesty i just dont know where to put my money in now

LesU

I'm spreading my money over several accounts. I have put together a set of rules. No more than 20k in any bank. No two banks will share the same owner, even if they have separate licences. No more fixed term, restricted access accounts. I've sat watching my fixed term accounts set up last November deteriorate as the uncertainty in Icesave unfolded in front of me. I could do nothing about it as I had no right of access to my funds.

bjorn_again

Without being disrepectful to anyone, I think it is ironic to seek advice from people who themselves have recently invested (deposited) in a failed venture.
It's a bit like saying to a punter "you lost on the last race, tell me who is going to win the next.". Let's face it, the one that knows, is'nt going to spread it around.

nilrem_2

bjorn_again wrote: »

Without being disrepectful to anyone, I think it is ironic to seek advice from people who themselves have recently invested (deposited) in a failed venture.
It's a bit like saying to a punter "you lost on the last race, tell me who is going to win the next.". Let's face it, the one that knows, is'nt going to spread it around.

Why do people keep comparing those who put their cash into a FSA regulated savings account operated in the UK to someone who bets on a horse? The two are quite different.

You seem to imply that people who saved with Icesave are failures and their word should not be trusted, not so, Icesave in the UK was not a failed bank, the reason it collapsed was because the Icelandic authorities stole our money!

chesky369

Bjorn again - I see ICEsavers as people like myself, obviously. You know, they thought they were doing the prudent thing by saving, rather than credit card borrowing, like so many in our society. They thought they were saving with a bank that gave them a good return for their monies. I personally kept below the £35k rules so that I wouldn't be in a vulnerable position (and I hope those who didn't have learnt a lesson from now on). So, yes, I would take advice from people like me.

ginvzt

We put £50k in Nationwide 6-months bond once we managed to get them out of KE. We have our current account with Nationwide, and I am going to stick with them. The interest rate is not bad and I think Nationwide is still going strong...

Comfortably_Numb

I have an Egg 6.3% fixed account. That seems a good place to go.