nilrems camp for the disappointed to seek solace!

mickW_2

Is Gordon Brown going to give us the lost interest at least £200 . And how many times have people with a surname at the end of the alphabet been victims of alphabetism? Why cant they start at Z and work back for once.

mickW_2

How are they paying out then? Smallest first? No thats not correct as someone with 34k got theirs a week ago thats more than me.

~Chameleon~ wrote: »

They're not sending them alphabetically

moonshine

my surname begins with A and I have ~£50k all told in Icesave in a fixed rate a/c, an ISA and an Instant Access account. No 2nd email here yet. So I don't think there is any logic to the order, it's obviously not alphabetically, it's not by amount and it's not by types of account as far as i can see.

It just seems to be pot luck as to when you get "invited". I wish they'd hurry up though.

harrowing_3

...I do appreciate being called "wonderful" for copying and pasting an email into this forum.:D
Suesie, was your "high" (from witnessing miracle email) powerful but now leaving you with a sense of nausea?

suesie999

mickW wrote: »

I have a surname starting with W. Can you tell me how far they have got ie. what is the 1st letter of yours. Might give us poor sods at the end of the alphabet an idea how long it will take.

Sorry Mick, I too am still waiting! I was thanking Harrowing for sending the copy of the email then I could visualise it in my inbox!!:jHe is wonderful..........:A

suesie999

harrowing wrote: »

...I do appreciate being called "wonderful" for copying and pasting an email into this forum.:D
Suesie, was your "high" (from witnessing miracle email) powerful but now leaving you with a sense of nausea?

Am still holding on to the HIGH in the hope I can use it when the 2nd coming comes!! :rotfl::rotfl::rotfl::rotfl:xxxx:A

Veryunique_2

casabiosca wrote: »

Wife and I both received first email on 4th October within a couple of hours of each other. Not a sausage since then.
I cannot believe that this is a true random system although it so appears - that would be in my opinion far too difficult to manage, both administratively and technically - we are not dealing with ERNIE here. Which makes me upset to see not only many with their 2nd email but also the hard cash.
A plethora of things could yet go wrong and where does that leave us? A percentage of Icesavers with full refunds and earning interest, however small, and the rest still waiting,
Don't get me wrong. I am grateful to the govt for stepping in but I cannot help feeling there is gross unfairness in the process.

I am pleased that someone else cannot believe this is a true random system . I seem to remember years ago when I worked in pharmaceutical research that when dealing with random allocation of drugs in clinical trials I had to consult special tables of random numbers. What the general public loosely describes as random or a lottery is not the same thing as true randomisation which is - as casbiosca points out - difficult to manage. In my opinion there has not been nearly enough time to do this.

I am beginning to think that the initial trial run of 10,000 was done not only to see whether the system worked but also to find out how long it would take on average to complete the process (which we now know is 4 minutes) and also what percentage of people with fixed term accounts
would opt for immediate payment.

In order to achieve those objectives they would need targeted groups with multiple accounts of different types. I would search the database by type of account, extract the 10+ possible permutations and take a sample of up to 1,000 from each. Each thousand could be selected by postcode and alphabetical order with names from the beginning, middle and end of the alphabet. Whatever the method of selection within the targeted groups, this was not a random sample of people.

Skieasy

harrowing wrote: »

save you the trouble:-

FSCS Managed Payout for Icesave Customers - Invitation Email

Dear Customer

Icesave accounts with the London branch of Landsbanki Islands hf

This email has been sent to you because records available to us indicate that you hold an account with Icesave. If you do not hold such an account, please contact us by email at [URL="wlmailhtml:!!22DC3613-58D7-480B-8369-7C14D53CB91B}mid://00000036/!x-usc:mailto:enquiries@fscs.org.uk"]enquiries@fscs.org.uk[/URL].


This email invites you to log on to your Icesave account to be paid compensation in respect of your deposits with Icesave under the electronic payment process managed by the Financial Services Compensation Scheme (FSCS). We previously wrote to you about how the process would work on 4 November 2008.


For the FSCS to pay you compensation, you will need to take the following steps:

1. Log on to your account as usual through the Icesave website which is now operational. You will need to confirm your User ID, unique password and memorable information, in the normal way. If you need to reset your password, you can do so at the log in screen.
2. You will be asked to verify the account balance of your Icesave account(s) and the details of your selected nominated account to which the payment is to be made. By completing the process you will instruct a payment of the Icesave account balance shown to your selected nominated account by an electronic transfer. The money should then arrive in your nominated account within approximately five working days.
3. If you hold an Icesave instant access account or ISA account, you will be paid compensation after you confirm your agreement to the terms for payment, including the transfer to the FSCS of all your rights in respect of your Icesave deposits against Landsbanki Islands hf, the Icelandic Depositors’ and Investors’ Guarantee Fund (DIGF) and any other relevant party. This transfer will not affect your deposit in any way and is a legal requirement for the FSCS to be able to recover money from Landsbanki Islands hf, the DIGF or any other relevant party.
4. For ISA holders, the same process will apply as for instant access account holders. The money you held in your ISA will not lose its tax-free status if you follow this process. An ISA certificate will follow by post to allow you to reinvest that sum in an ISA with another provider by 5 April 2009. You should receive your ISA certificate within 2 weeks of claiming compensation using the electronic process and you will have to give this certificate to your new ISA provider when you open your ISA with them.
5. If you hold an Icesave fixed rate savings account, you will be offered the option of payment of your deposit through the electronic payment process. Alternatively, you will be able to opt to receive the principal amount of your deposit, together with accrued interest up to the maturity date, at the end of the fixed term. If you choose this latter option, then the electronic process option is not available to you. However, you should still log on to the website and tick the appropriate box to confirm that this is your wish. At that time, we will be notified that you wish to wait until the end of the fixed term and we will then send you an application form to complete and return to the FSCS. This process will be slower, although we aim to complete this process so far as possible within 6 weeks of receipt of a completed application form, with payment following the maturity date of the account. You should also be aware that if you hold a fixed rate savings account that pays interest on a monthly, quarterly, or annual basis, and you decide to hold that account until maturity, you will not be paid any interest prior to maturity.
6. Irrespective of what type of Icesave account you hold, if you choose to participate in the electronic payment process for that account, then the payment amount you receive will be the principal sum deposited plus interest up to and including 7 October 2008.

If you have more than one account with Icesave, you will need to repeat the process described above for each account.


If you do not seek payment within one month from the date of this email, you will be contacted separately by the FSCS with details of how to make a claim for your deposits with Icesave. This will be through a paper-based application process once the electronic process is complete. This process will be slower (we aim to complete this process so far as possible within 6 weeks of receipt of a completed application form), but you will receive the same amount no matter which process you use (unless you hold a fixed term deposit and opt to await payment until the end of the term, as explained above).


If you experience any difficulties with the process, please seek assistance by calling Icesave’s Customer Services Helpline on Tel. 0845 605 6050.


Further details are also available on the FSCS website ([URL="wlmailhtml:!!22DC3613-58D7-480B-8369-7C14D53CB91B}mid://00000036/!x-usc:http://www.fscs.org.uk/"]www.fscs.org.uk[/URL]).


Yours faithfully

FSCS

Thanks harrowing for the second post FSCS details. However, it doesn't explain at what rate/s fixed term deposits will be paid, other than need to wait until the end of term. Monthly rates were lower than annual ones as I recall, so how are these being calculated if now to wait until end of term?

Splitting hairs a little I agree, but nice to know anyway.

Any ideas?

Or will they all be paid at a flat rate?

Icesaver

Still awaiting No 2

KenC_3

Icesaver wrote: »

Still awaiting No 2

Try Andrew's Liver Salts .