ICE SAVE - 2nd E Mail Received

sloughflint

nilrem wrote: »

Glad to find a few regulars in the same boat.:beer: I have a vision of a lonely nilrem frantically still posting in the icesave threads when all others have gone away satisfied! :eek:

I hope that poll I started has helped relax you a bit. Before I started it, the impression I got was it was that just a few token emails were being sent out ( a test?) and started to doubt FSCS's statement.
Looking at it again:
http://forums.moneysavingexpert.com/showthread.html?t=1281455
Quite a few emails were received yesterday so I believe that they are truly being sent out in batches throughout this month.
I'm encouraged....although would love to get that email sooner rather than later especially as KE have just messed me around again.

~Chameleon~

sloughflint wrote: »

Don't be so hasty with that past tense Chameleon. I all but emptied my KE account on Monday and it hasn't reached my linked account:mad:. They however sent my earlier test £1 transaction by chaps:rotfl:
Do I laugh or cry?

Oh dear, I didn't realise there were still problems with payments out of KE. It's absolutely unbelievable that this situation is continuing! :rolleyes:

Let's hope it's sitting in your account before the weekend! :beer:

roadrunner46

nilrem wrote: »

Is their a ceiling on the max you can save with that account

£1- £250,000

hawkinm

Does anyone know how to get the ISA certificate. I am only offered the option to have a BACs transfer to my bank account.

ScarletBea

This isn't funny anymore, I'm checking my email every 20 minutes for my 2nd mail *roll eyes*

I need to calm down, hehe

oql61

nilrem wrote: »

I think that most of us are confident that we will get at our money 'eventually' but as soon as people start celebrating that they have had their emails and got their cash it was bound to make those who have not feel disadvantaged.

It makes one feel guilty complaining about loss of interest and people will 'jump' on you and say be grateful etc but up until Monday we were all being treated the same and now we are not, some of us are losing quite a lot of income as the days go by while the selected few(?) are doing very nicely thank you, it does not end there though as some of us depend on our interest to live on and as the days tick by the chances of reinvesting in a decent rate account are dwindling so we could be losing several thousnd pounds in lost interest over the next 12 months.

As I said if we were all in the same boat it would not make us so unhappy but ATM it seems that some of us are at a large disadvantage.:mad:

I shall now await all the messages from people who have got their cash telling me what a greedy so and so I am and how grateful I should be without being concerned at losing interest as the days go by. :eek:

Nilrem, I feel exactly the same way as you, as do many others here. Not only was I unlucky in that my fixed term bond 'matured' on october 16 (and so was unable to benefit from the decision to allow existing bonds to run their course until maturity while collecting interest at the original rate), I was also relatively late in receiving the first email and now still await the 2nd. I vowed when I heard that compensation would start to be paid out in the second week of november (i.e. much earlier than we thought) that I would not mention lost interest, but actually, like you, I am beginning to feel really aggrieved. Not wishing to take away from anyone who has received their funds early, I believe the system to be totally unfair. Say we do not receive our funds until the beginning of december (:eek: ) then I, personally, will have lost £1340 in interest since the first people got their money (never mind since october 7th). This is not to be sneezed at. I also have a nasty suspicion that those with more than the £50k limit and being made to wait. Surely it would have been fairer to pay those with most in first; then they would have lost less. Also, could it not have been possible to email those with fixed accounts yet to mature first, with the likely probability that they would not want to withdraw their funds and so not put a strain on the system?
I think you have a perfect right to have a rant - that is partly what these forums are for - and I feel marginally better now that I have written this. I guess one has to try and weigh things up. Yes, it's apalling that you have not been paid when you rely on the monthly interest (as do we all, to a certain extent, for whatever reason), but it is also good that the student who put her loan in Icesave was among the first to be paid. Relatively speaking she is less well off than us.
Remember too, that if you let this get to you and causes you stress which is possibly detrimental to your health then they will have got to you three ways: loss of interest; loss of opportunities for further investment at a decent rate; and loss of peace of mind. I know which one is most important to me.

Don't let the !!!!!!!s grind you down! It's a case of swings and roundabouts out there, I firmly believe. What you lose in this fiasco you will gain in some other area of your life at another time. Sorry to sound wishy-washy, but I think one has to get a perspective on this. It's the only way to cope.

mothership_2

I wasn't panicking until I read these panicsome posts. I still haven't received a 2nd email and even when I do my nominated account no longer exists so more delays there I suspect.

To be honest I have no idea how/when I will get my cash back but I still have that blind faith in the 'Gov't' to sort me out.

At least I know it will come back eventually and all is not lost - it so easily could have been.

Celt08

I was able to iniate the transfer y'day afternoon at about 3pm, isa and ea accounts to my hsbc ca.

has anyone seen the money enter their nominated account yet?

fingers crossed

meunier

I am begining to join the Nilrem camp - I really don't want to - I have tried to be patient - and I have worked hard to be able to live off the interest of my savings - in order to support the charitable work that I do. Still, with the removal of the last UK items that I had wanted to secure by at latest Friday - the Kent Reliance; the AA and the Yorkshire Bank - (I have to split over £250000 into £50K segments) - I have now NO CHOICE but to put these funds in foreign banks. This is the situation I found myself in before when - as it's now clear to me - the BoE kept the overall rates low - and the banks the LIBOR - to fuel the housing boom (and bust - not of course that we have either according to GB.) I had really NOT wanted to do this and to keep the money in the UK - but reality, I fear, - and its own determined lottery draw - has come to roost. Bless Julian Hodge and Saga for allowing payments up to 30th November - as this still gives me a chance - or I fear EVERYTHING might have to go again - and simply re-begin the cycle that this was meant to stop.

Can anyone tell me - Is the Julian Hodge Bank an established organisation? - I know it has full FSCS cover - but then so too did two of the three Icelandic banks. Does anyone have any personal experience? Much thanks.

nilrem_2

I just wonder if the people who have got their cash practically straight away really understand the frustration of those of us who feel we are the forgotten ones?

Every time some posts gleefully (understandable) that they have got theirs the 'losers' feel even more depressed. :eek: