Icesave Second email- week 2

ronsil_2

- no second email received yet but- but - logged in to my Icesave Term Deposit a/c at 7.00 am this morning (as I have done every day for the past two weeks) and was greeted with a different screen - inviting me to make the claim.
This has made my weekend for me!! Looks like I'll get the cash around next Thursday.
Now where did I put all those account applications I had at the ready??
Hope everyone elase waiting has as much joy as me very soon.
As an aside I never did receive the 1st email and had to manually apply.

Just completed the poll

nsdlil

Cash received in linked account today after normal three WD clearance by Cahoot who don't seem to have joined the immediate payment scheme that the other banks have

paxy

2nd email rec'd 20 November 2008 09:16

Submitted claim that evening....

web_ferret

Email Monday, Moneys arrived in First Direct this morning.
:beer:
So thats 2 out of 2 safe, KE and IS.
Thanks to all on this forum and best of luck to those still waiting.

SurreyMan_3

nsdlil wrote: »

Cash received in linked account today after normal three WD clearance by Cahoot who don't seem to have joined the immediate payment scheme that the other banks have

No Cahoot are not yet part of the Fastpay system. There is a useful tool on the APACS site http://www.apacs.org.uk/sortcodechecker/index.html
which you can use to check if the receiving account can accept Fastpay

Also depends, I think, on whether the sending bank is a member

DopeyDylan

Waggers wrote: »

Indeed it does, [EMAIL="enquiries@fscs.org.co.uk"]enquiries@fscs.org.co.uk[/EMAIL]

Thankyou for confirming this :beer:.

Hopefully I'll get mine soon.

isofa

Still no second e-mail for me yet, but not worried, a fair bit of time left yet...

Newly_retired

Just received second e-mail Friday 16.41!
Now I'm confused as to what to do about my fixed term deposits - as if I haven't had long enough to decide! I was planning to leave them till maturity , but am now not sure, because (1) by then will there be any decent rates on any other accounts, if not I might as well have it now, whilst I've still got some good accounts running.
(2) They all have annual interest. I'm not clear whether the two year ones will pay up that interest. How does any one else understand the FSCS's rules on this? I think I'm clear that those under a year will pay the interest on maturity.
(3) Does anyone know if you have to initiate all the accounts at once or can I do them one at a time/ separately?
Thanks for advice.

soulsaver

FSCS statement says they will cover the interest accrued on FTBs left to mature - no room for misinterpretation IMHO.
I believe you have to decide for all of your accounts at the same time, although, for the avoidance of doubt, they can be different decisions.
If the 2 year ones have a year or more to run most people consider it a 'no brainer'... leave 'em.
Now 4/5 months is a bit of a dilemma...:think:

pem2

Newly_retired wrote: »

Just received second e-mail Friday 16.41!
Now I'm confused as to what to do about my fixed term deposits - as if I haven't had long enough to decide! I was planning to leave them till maturity , but am now not sure, because (1) by then will there be any decent rates on any other accounts, if not I might as well have it now, whilst I've still got some good accounts running.
(2) They all have annual interest. I'm not clear whether the two year ones will pay up that interest. How does any one else understand the FSCS's rules on this? I think I'm clear that those under a year will pay the interest on maturity.
(3) Does anyone know if you have to initiate all the accounts at once or can I do them one at a time/ separately?
Thanks for advice.

I'm in exactly the same position as you and just about to log in. Taking your 3rd point I understand you can initiate individually, so as my 1st one matures 24th Jan 09 I might except repayment now with my other 2 maturing later in 09 I will definitely let them run. No one knows for sure if the FSCS will repay immediately when maturing, but what we do know if we cash in now we lose interest from the 7th Oct.