ICESAVE paper application

harold123

Hi,

My fixed rate expired last week and i'm yet to receive the 2nd email. What should i do? shall i go for the paper based application or stick with the online? really don't have a clue. I have £10,000 in there

Thanks for your help

Chris

bryanb

harold123 wrote: »

Hi,

My fixed rate expired last week and i'm yet to receive the 2nd email. What should i do? shall i go for the paper based application or stick with the online? really don't have a clue. I have £10,000 in there

Thanks for your help

Chris

If you opt for immediate repayment you will get no interest from 8 Oct till repayment.
If you opt for maturity repayment you will get all interest up to maturity. How long after maturity you receive payment remains to be seen.
Your call

soulsaver

bryanb wrote: »

Anybody received one yet?
I have opted to wait till maturity on 3 fixed term accounts, the first one matures on 17th Dec 2008, so I am wondering if my gamble will pay off.

Yep - but I haven't had a 2nd e mail. There appears to be a large number of people who hadn't realised that Icesave didn't require you to have a linked account set up - unless you were making a withdrawal. So FTBs may not have had a linked ac. So? Well if you haven't got a linked account, you haven't/won't be able to add one. So? No linked account- no electronic tranny - no 2nd email = you're in the paper cycle.
Of course this also applies to easy access accounts- if, like me, you never attempted to withdraw anything, it's inlikely you set up a linked account. Soooooo..paper too I'm afraid.

bryanb

Soulsaver, I'm not sure, are you saying you've received a paper application form?

samina99

I got the 2nd email on 21st Nov and opted to wait for maturity for one of my accounts. It matures at the end of Nov 08...but I haven't rec'd the paperwork..

Stompa

bryanb wrote: »

If you opt for immediate repayment you will get no interest from 8 Oct till repayment.
If you opt for maturity repayment you will get all interest up to maturity. How long after maturity you receive payment remains to be seen.
Your call

Also, when you come to reinvest elsewhere, the rates will undoubtedly be lower if you opt to wait until maturity (assuming you've not managed to set up some sort of deal in advance).

bryanb

Getting close to 5th Dec, hoping to get a paper form for my fixed term acc soon.

soulsaver

bryanb wrote: »

Soulsaver, I'm not sure, are you saying you've received a paper application form?

Sorry I've not got back earlier -
And yes, I've made a paper based application (24th Nov) for my fixed term to be paid on maturity (Jan 09) and for my instant access account to be refunded (asap).
The point I was trying to make was that it WASN'T in response to a 2nd email & online choice, though.
There wouldn't be a 2nd email for me because I had not set up a linked account as I had never attempted a withdrawal. And if you haven't got a linked account, you cannot initiate an electronic withdrawal so there can't/won't be a 2nd email.
So in these circumstances the FSCSC appear to skip the 2nd email process and poke you into the paper claim.

Some people think if their initial deposit was via a tansfer from their bank, then there is a link to that account. However I have pointed out several times that this is NOT the case: Deposits can come from many sources; withdrawals go to one= the linked account.

bryanb

soulsaver wrote: »

Sorry I've not got back earlier -
And yes, I've made a based paper application (24th Nov) for my fixed term to be paid on maturity (Jan 09) and for my instant access account to be refunded (asap).
The point I was trying to make was that it WASN'T in response to a 2nd email & online choice, though.
There wouldn't be a 2nd email for me because I had not set up a linked account as I had never attempted a withdrawal. And if you haven't got a linked account, you cannot initiate an electronic withdrawal so there can't/won't be a 2nd email.
So in these circumstances the FSCSC appear to skip the 2nd email process and poke you into the paper claim.

Some people think if their initial deposit was via a tansfer from their bank, then there is a link to that account. However I have pointed out several times that this is NOT the case: Deposits can come from many sources; withdrawals go to one= the linked account.

Did they send the form without pressure from you? I need one for an account maturing 17th Dec. However Ihave opted electronically to wait on 3 accounts.

geosaver

bryanb wrote: »

Did they send the form without pressure from you? I need one for an account maturing 17th Dec. However Ihave opted electronically to wait on 3 accounts.

I'm in the same situation, with an account maturing on the 16th Dec.