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Close Brothers 7% 1 year Bond ends 10 Nov

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Comments

  • Redknapp
    Redknapp Posts: 174 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    geosaver wrote: »
    But isn't Icesave a special case? The FSCS is compensating for the whole amount in the case of Icesave, not just the first 50K. In a 'normal' compensation case, the situation might be different.
    Was just going to say that myself.
  • Doc_N
    Doc_N Posts: 8,592 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    geosaver wrote: »
    But isn't Icesave a special case? The FSCS is compensating for the whole amount in the case of Icesave, not just the first 50K. In a 'normal' compensation case, the situation might be different.

    It might indeed, but provided the capital and interest together don't exceed £50K I would expect the approach to be much the same. If the interest takes the total to over £50K I doubt it would be covered.
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