ICE SAVE - 2nd E Mail Received

oql61

goodethernet wrote: »

Apparently not according to home_alone's post above. Why is it that people always see the worst in any situation? I'm sure it's not that great sitting waiting longer and longer for the second e-mail but it's not December 4th yet and a lot of people do seem to be getting their 2nd e-mails.

Can't comment on the press information about how many and how much so far but you would hope that the FSCS have planned this out, know how many need to be sent and have scheduled the e-mails to be sent between now and December 4th. It's not rocket science is it? Personal attacks on the head of the FSCS a full 15 days before the deadline by some people are pretty unjustified simply because they haven't had their 2nd e-mail and been able to claim their money yet. Surely the time to make an issue of it is december 5th?

As far as I can see this process has been well handled by them and seems to be progressing in a pretty controlled manner. Using the hundred or so people who haven't been paid and are therefore more likely to be on this board isn't really an accurate way to assess if the majority of people will be paid out by December 4th.

And, yes I have made my claim and no, I don't work for the FSCS but putting the boot in when the process has 2 weeks to run and is going pretty well so far seems a bit over the top IMHO.

Yes, well some of us have until the end of November to invest in their fixed bonds (Birmingham Midshires, 6.6%). Is it any wonder we're getting a little edgy?

NonGeographicalMan

goodethernet wrote: »

How do you know that any of these would actually be feasible or practical for the FSCS?. Maybe, in their judgement, the process they have initiated was the best one for the majority of people, all things considered and given the operating and capacity contraints that apply to all businesses and operations

You don't work as a customer services supervisor or director by any chance do you.

Always going with company policy as being utterly god given and never considering if things couldn't have been done differently.

Still I suppose that approach always guarantees you your annual bonus and also your next major promotion...................

goodethernet

oql61 wrote: »

Yes, well some of us have until the end of November to invest in their fixed bonds (Birmingham Midshires, 6.6%). Is it any wonder we're getting a little edgy?

And if you miss the deadline, then what? The sky falls in? Find somewhere else to invest it and move on. You can get a tiny bit less than that in a BM insant access account. Chasing the best rates for everything is what got most people in this situation in the first place.

goodethernet

NonGeographicalMan wrote: »

You don't work as a customer services supervisor or director by any chance do you.

Always going with company policy as being utterly god given and never considering if things couldn't have been done differently.

Still I suppose that approach always guarantees you your annual bonus and also your next major promotion...................

No I don't work in customer service.

I didn't say anything about "company policy" so I don't know where that came from. I'm interpeting your definition of "differently" to be "your way" in this case.

No bonus and no promotion this year. Times are hard as we have all noticed.

If the FSCS had adopted your 5 point plan above, we'd still all be haggling over #3 and nobody would have been paid yet. Your e-mail of complaint to the CEO would also have gone unanswered by now as they would not have had the resource to implement #5 either.

Optimist

goodethernet wrote: »

And if you miss the deadline, then what? The sky falls in? Find somewhere else to invest it and move on. You can get a tiny bit less than that in a BM insant access account. Chasing the best rates for everything is what got most people in this situation in the first place.

No actually it isnt..It was believing a bank that was regulated by the FSA would be err regulated by the FSA !

People obviously try to get the best interest rates to give themselves a chance to keep up with inflation. support themselves in their old age etc etc

goodethernet

rosebud666 wrote: »

I suspect that the system is perfectly fair and the FSCS are doing a good job but that doesn't stop me from getting more stressed with each passing day. And it is now too late to get a good rate elsewhere and I'll have the stess of waiting for two bonds to mature. I also have a smallish amount in an easy saver and could do with it back sooner rather than later. Should I be worried? no, am I? YES!

I'm sorry that you are still waiting but I do applaud that you have a balanced view of the situation. I hope you get your money asap.:o

NonGeographicalMan

goodethernet wrote: »

And if you miss the deadline, then what? The sky falls in? Find somewhere else to invest it and move on. You can get a tiny bit less than that in a BM insant access account. Chasing the best rates for everything is what got most people in this situation in the first place.

And it was journalists like Martin Lewis who constantly chided us for wasting our money if we did not chase the best rate. And it is that which then led to headline high interest rates that always vanish a few months in to the account as a customer.

And don't forget Martin Lewis also encouraging stoozing which clearly the credit card companies never intended people to do and is the very sort of thing that would have contributed to the downfall of many of the world's financial institutions.

The whole system of only giving the best interest to a financial institution's newest customers and ignoring their longstanding loyal customers is dishonest and contemptible. We should return to a sane system where those prepared to deposit larger sums and for the longest time periods are offered the best rates of interest.

goodethernet

Optimist wrote: »

No actually it isnt..It was believing a bank that was regulated by the FSA would be err regulated by the FSA !

People obviously try to get the best interest rates to give themselves a chance to keep up with inflation. support themselves in their old age etc etc

Well, if you were fully conversant with the role and the effectiveness of the FSA at the time that you opened the account, then good for you but I really supsect that you were in the minority at the time. The FSA might be at the top of everyone's agenda now but it wasn't then. Interest rates were.

goodethernet

NonGeographicalMan wrote: »

And it was journalists like Martin Lewis who constantly chided us for wasting our money if we did not chase the best rate. And it is that which then led to headline high interest rates that always vanish a few months in to the account as a customer.

And don't forget Martin Lewis also encouraging stoozing which clearly the credit card companies never intended people to do and is the very sort of thing that would have contributed to the downfall of many of the world's financial institutions.

The whole system of only giving the best interest to a financial institution's newest customers and ignoring their longstanding loyal customers is dishonest and contemptible. We should return to a sane system where those prepared to deposit larger sums and for the longest time periods are offered the best rates of interest.

Fair enough. What's stoozing by the way? Constantly switching cards for the interest fee deals?

NonGeographicalMan

goodethernet wrote: »

What's stoozing by the way? Constantly switching cards for the interest fee deals?

Correct. I think if you Google moneysavingexpert and stoozing you will find rather a lot of hits.

The credit card companies have all got wise to it now and charge a 3% fee on their so called zero interest for x months balance transfers.