FSCS/Icesave EMAIL WINNERS?

tuggy12

First email received this morning in my "junk" box.

Surname "H"

LGG_2

Primrose wrote: »

sympatex - I imagine the certificate will say something along the lines that Mr. ABC is entitled to transfer the sum of £XX as a tax free deposit in the form of a Cash ISA to another provider. All the other ISA providers will be aware of the Icesave ISA's tax free transferability, so presumably will accept at cheque or other form of transfer provided it is accompanied by this certificate. The money will obviously first have to go into your linked current account and it is then up to you to select another Cash ISA provider. The authorities won't do this for you.

the thing that confuses me is it says you will need a transfer form to be filed in aswell. so what do you put down on the form? your icesave details or your own account as thats where the money is coming from

SarahNeedle1872

Keep checking my emails, as ppl were getting them til gone 2300 last night.....

david78

LGG wrote: »

the thing that confuses me is it says you will need a transfer form to be filed in aswell. so what do you put down on the form? your icesave details or your own account as thats where the money is coming from

You just ask the ISA provider to treat your application as an ISA transfer and give or send them the HMRC-issued certificate. They will probably just leave the account details part of the form blank.

In any case, providers will be beating a path to your door trying to make the process of transferring your Icesave ISA to them as simple as possible!

With some providers the transfer form and the application form is the same form and you just tick a box to indicate it should be treated as a transfer. A little while back the same process was used for people who had ISAs with Northern Rock and withdrew their deposits in panic. I would not be surprised to see the "ISA certificate" option adopted as standard practice in future to simplify the ISA transfer process.

innovate

LGG wrote: »

the thing that confuses me is it says you will need a transfer form to be filed in aswell. so what do you put down on the form? your icesave details or your own account as thats where the money is coming from

give the new/other ISA provider a cheque drawn on your account, together with the transfer form, the FSCS certificate, and an explanatory note asking them to notify you immediately in writing if there is any problem with the transfer to be completed by them within a fortnight (say).

aleph_0

oldagetraveller wrote: »

For anyone posting contents of the FSCS e-mail please be aware of this from the bottom of said message.

[FONT=Helvetica,Arial,sans-serif][FONT=Helvetica,Arial,sans-serif]"This e-mail and the information it contains may be privileged and/or confidential. It is for the intended addressee(s) only. The unauthorised
use, disclosure or copying of this e-mail, or any information it contains, is prohibited and could, in certain circumstances, be a criminal offence. "[/FONT][/FONT]

The disclaimer is pretty useless, since they aren't going to prosecute, have published it on a website as well (the link was given at the top of the e-mail, and google has now cached this webpage, so they didn't even have a robots.txt).

(extra points for those who discover the icesave e-mails available on the internet that people haven't been sent out yet . )

bryanb

Bank rate down to 3.5%! I guess my icesave fixed can stay till maturity.

Oblivion

bryanb wrote: »

Bank rate down to 3.5%! I guess my icesave fixed can stay till maturity.

It's worse than that. 3% actually.


Dave.

Primrose

Looks like our fixed rate accounts will also definitely stay until maturity now.
The problem is that by the time we receive our Icesave refunds, all the best other fixed rate deals will have been pulled.
The banks are obviously all rubbing their hands knowing that all this Icesave compensation has got to go somewhere else so they'll all be getting a slice of the action. It will be interesting to see whether any of them still offer significantly higher fixed rates.
As a retired saver, relying on income from interest, this bank rate cut is seriously bad news.

[Deleted User]

our icesave fixed rate accounts are being kept too. I had started to process two other savings accounts but have cancelled them this morning. No e mail as yet but definitely feel onto a winner now