Welcome Landsbanki!

martyn4764

Stompa wrote:

Wow, that's fast. Apparently rates have been increased to 5.45% (with effect from 16 November).

Excellent; where did you see this Stompa?

[Deleted User]

martyn4764 wrote:

Excellent; where did you see this Stompa?

'This is Money' refers to it at the end of this, but obviously that is not definitive.

Kazza242

martyn4764 wrote:

Excellent; where did you see this Stompa?

On thisismoney here, it states that the Landsbanki rate is increasing from 5.2% to 5.45% effective 15 November 2006.

EDIT: It also states the Landsbanki rate increase and the increases of others here.

Paul_Herring

Hmm - nothing on their site yet though - even went to the press release section and there's nothing there.

[Deleted User]

wow!!
That would be awesome. Fingers crossed

Kazza242

Paul_Herring wrote:

Hmm - nothing on their site yet though - even went to the press release section and there's nothing there.

Moneyfacts have just added the new Icesave interest rate (5.45% w.e.f. 15 Nov 2006) to their Internet accounts page, here.

prudryden

Just a wee caution for those putting large chunks of money (over the UK Deposit Protection Scheme) into one bank such as Landsbanki. On 4 April 2006, Moody's downgraded Landsbanki's BFSR (Bank Financial Strength Rating) to a C. (Not good). Having said that, Moody's further states that because of the importance of Icelandic Banks to the national economy of Iceland-- the Icelandic Government would probably support the bank, but, as always, not guaranteed.

[Deleted User]

so that means that up to approx £32,000 is pretty well covered

http://www.icesave.co.uk/financial-protection.html

[Deleted User]

BFSR

http://www2.standardandpoors.com/servlet/Satellite?pagename=sp/sp_article/ArticleTemplate&c=sp_article&cid=1120842703400&s=&ig=&b=2&dct=4

prudryden

kittie wrote:

so that means that up to approx £32,000 is pretty well covered

http://www.icesave.co.uk/financial-protection.html

Yes - absolutely. :j