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Icesave
tonkoro21
Posts: 3 Newbie
We have money in a fixed rate bond (maturing around June next year) in Icesave. We've recently received the Icesave email and it says something to the effect that we can opt to take the money out immediately or instead to leave the money until it matures and we'll receive the interest as per the orginal terms of the agreement.
My instinct is 'once bitten twice shy' - ie get the money back and put it into a 'safe' UK based account where I can get to it. But it seems instead we can opt to leave it there and continue to get the high interest rate originally promised until June. My question is, is this safe? Where will the money be held? It seems also elsewhere to be indicated that the interest on savings will only be paid up till the time the banks stopped trading (7th or 8th October) so I was a little confused by this. Does anyone else know more about this?
Thanks
My instinct is 'once bitten twice shy' - ie get the money back and put it into a 'safe' UK based account where I can get to it. But it seems instead we can opt to leave it there and continue to get the high interest rate originally promised until June. My question is, is this safe? Where will the money be held? It seems also elsewhere to be indicated that the interest on savings will only be paid up till the time the banks stopped trading (7th or 8th October) so I was a little confused by this. Does anyone else know more about this?
Thanks
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