Lessons learned from the Icesave experience?

Primrose

Apart from the fact that with hindsight and a crystal ball it might have been better not to save with Icesave in the first place, now that the refund process is well under way, it seems that saving via an internet account has one very real advantage. This is that the compensation process is extremely simple whenever internet accounts are set up with links to a current bank accoun. I can't imagine what a long drawn out process it would have been if this failure had been with a non-internet account where even initial correspondence with depositers would have had to been implemented by snail-mail, and compensation sent out by cheques.
I also wonder whether a precedent has now been set in the event of a future bank bail out, in that any holders of fixed term accounts will be permitted to leave their accounts to mature at the agreed interest rates?

rosebud666

Fixed term accounts were always meant to be paid on maturity, it isn't a precedent.