ICE SAVE - 2nd E Mail Received

Nervous_Norvus

VeryUnique
FSCS website FAQs indicates that not included in the 'vast majority' would be people who are getting divorced and don't want money paid into default linked account, people who have closed their linked account and not notified Icesave, people who don't agree the figures etc. I suspect 4 December may be a deadline to reply for people who only get their second email on 30 November. By all means keep a close watch, but I don't believe anything sinister is going on. btw I got my second email today and decided to take out all my bonds after all. Reason is that maybe lots of other banks will fail and FSCS may be very busy when my last bond would have been due to mature in Dec 09. I hope that proves to be unduly pessimistic.

I hope to get my cash by Fri28th and to put it into Nationwide fixed rate bonds before they review their rates. Still paying nearly 5%, which ain't too bad.

CCFC_80

A quick comment - would it not have been easier and better if the fscs had sent the 2nd e mail to everyone at the same time like the 1st e mail with the date scheduled on the e mail to account holders when they would be able to activate their account to move the funds. At least everyone would know when they would get their money back. Is there any reason why this could not have been done ?

~Chameleon~

andy46 wrote: »

A quick comment - would it not have been easier and better if the fscs had sent the 2nd e mail to everyone at the same time like the 1st e mail with the date scheduled on the e mail to account holders when they would be able to activate their account to move the funds. At least everyone would know when they would get their money back. Is there any reason why this could not have been done ?

Security

shindigger

KingL wrote: »

Actually, they have always been very careful to talk about 'the vast majority' rather than all.

It will barely be the majority at all at this rate.
At a guess, theyve got 4 working days to get 70,000 people their money transferred or theyve missed the target.
Slip Slip Slip.

human_being_3

Hi peeps, please be gentle with me!

I've got 2 dilemmas.

1. My 1-year fixed rate icesave account was due to mature next April. I'm thinking of taking the option to receive compensation on maturity, with the interest intact. Is this a good idea? I can't see anywhere else I'd get 6.7% on my savings. Surely it's risk-free. your thoughts?

2. They've mucked up the interest calculation on my 6-month fixed rate account, due to a !!!!-up by icesave at the opening of my account. This means I've lost 15 days interest. I rang the helpline today and the man said I do have a case and I could write to the FSCS asking them to review it. BUT my concern is that it may take so much time that I would do better to cut my losses and accept the incorrect but lower figure. It amounts to about £37 difference and although it sticks in my throat to accept the mistake, I suppose it makes sense to take the money now rather than wait for them to sort it out. And there's no guarantee that they will pay the full amount in any case. What do you think?

PS. where are people putting their money now, if you don't mind locking it away for a better rate?

shopndrop

I have also got a fixed rate account with Icesave which matures in January but don't know whether to leave it till then or take it now and go for a fixed rate elsewhere at today's rates. I am concerned that if the interest rates drops again before January that the fixed rates on offer then will be extremely low.

parcival

Second Email arrived in inbox at 16.41. I'm on TalkTalk and had a good deal of trouble with the first email so I am very pleased to have this come through with no problems!

~Chameleon~

parcival wrote: »

Second Email arrived in inbox at 16.41. I'm on TalkTalk and had a good deal of trouble with the first email so I am very pleased to have this come through with no problems!

Today??????

parcival

Yes today, now!!!

KingL

human_being wrote: »

2 dilemmas

1 - I'd leave it in, myself.
see isofa's poll for what other people are doing
http://forums.moneysavingexpert.com/showthread.html?t=1286993

2. If you are planning to let it run to term and you know that they will investigate it before the term ends it may be worth holding out. However, I doubt that you would get any such assurance, so I would probably take it as-is.

human_being wrote: »

PS. where are people putting their money now, if you don't mind locking it away for a better rate?

see skoolmaster's rate wire updated today
http://forums.moneysavingexpert.com/showthread.html?t=1303341