FSCS/Icesave EMAIL WINNERS?

noh

bryanb wrote: »

Just emailed them to ask if I can accept immediate payment of one account and wait till maturity on the others. I'll post any reply

Yes you can do this. The compensation is paid on an account basis and you will be able to select different options for different accounts.
See 16 and 24 of the FAQs


http://www.fscs.org.uk/faq/icesave_faqs/

LGG_2

email received just before 19.00 accounts opened october 07 and jan 08

KingL

thanks Nigel, but I don't see anything that substantiates the "you will be able to select different options for different accounts" part ....?

cwcw

Seems to be doing it in order of account opening. I first opened an Icesave account in Feb 2007. Still waiting, but if my theory is correct, not for much longer..

Sillychuckie

OK, 1 question which I don't feel all the FSCS garble answers.

If I opt, on my fixed rate accounts, to hold off receipt of compensation until the maturity date, I understand that:
a) I'll get 1 interest payment, at maturity only, covering the term up to maturity, and,
b) I must choose this online, and wait for my application form.

What it doesn't make clear is, will I lose interest from the time Icesave went into administration, to the time they receive the app form?
OR,
does opting for this choice effectively pay out interest as if none of this stuff ever happened?

I see the q/a on the website which says:
"28. If I claim under the manual process my claim will take longer, will I be compensated for interest I could have earned if I had been able to complete the electronic process?

No. Interest will be paid up until the date of default i.e. up to and including 7 October 2008. The only exception will be for those who elect to be paid for fixed term accounts at maturity, whose interest, due after the date of maturity, will also be paid.".

This suggests to me that if you opt to receive the money at maturity, it will back date interest right up until 7th Oct 2008.
i.e. You will not lose 1 day interest or a penny.

Do others read this in the same way, or is it still unclear?
Thanks.

SC

Pitlanepiglet

Me me me!! Email received 21:01 as I was reading this thread, surname W, short legs and account opened early 2008

Icesaver

oql61 wrote: »

Someone on another thread (I wish someone would rationalise the Icesave threads) has received their FSCS email!

Anyone else here received theirs?

Yep mine's arrived 7pm Surname P Long legs Opened Sept 2007

frank_potter

Perhaps those who have not yet received anything should check their "Junk email" folders - that is where I found my email.

Orange's spam filters had mistakenly managed to classify the FSCS email as spam.

planemad

They could be sending out emails alphabetically with regards to the first letter of your email.

cwcw

Pitlanepiglet wrote: »

Me me me!! Email received 21:01 as I was reading this thread, surname W, short legs and account opened early 2008

That blows my theory then... my surname also W but account opened Feb 2007.

Not in spam folder either (and the address is in my address book anyway).