Welcome Landsbanki!

[Deleted User]

Mr_Mumble wrote:

snip

Nice avatar!

Dagobert

KTF wrote:

If the AER is the same then is there no difference in taking the monthly or the Annual interest option?

Just a marginal difference: see [thread=93631]monthly interest leaves tax-payers out of pocket[/thread].

Paul_Herring

Grr. Completed application form, and they *still* require proof of both residency and Identity. At least ICICI didn't need them

Chrismaths

Nice of them to outline how they will do business upfront as well. ING simply put a rate out there, with no idea of how that would vary in future. At least Icesave have been clear - BBR+45bps as an attractive headline rate to get the business through the door, BBR+25bps until Oct 2009 to keep you there, then BBR until 2011 to play on your inertia, then after that they'll start to cut rates properly - effectively what ING did, but with honesty.

So don't whinge when they don't pass on in full the next rise in base rates! Treat it as an account paying BBR+0.25 with a limited time 0.2% bonus. The tin is clearly marked, and if it does that I will be happy (at least for 3 years). I think I'll get one, once all of you have tested it out for me

[Deleted User]

Paul_Herring wrote:

Grr. Completed application form, and they *still* require proof of both residency and Identity. At least ICICI didn't need them

The only problem I had was with the passport section. It is not just the passport number that is required, but the 30 (rough count) reference along the bottom!!! Not entirely happy about parting with my passport number, but the site purports to be secure (padlock, https etc.)

What I do like is that you can make the initial deposit by interbank transfer (or cheque). Also doing it that way you are allowed to wait until you receive the confirmatory paperwork, so do not have to part with any money upfront.

The interface is very nice.

Any of you pros out there had time to assess the Regulatory framework? Is it legit?

[Deleted User]

KTF wrote:

If the AER is the same then is there no difference in taking the monthly or the Annual interest option?

Only to the extent that, in this case, monthly interest has to be paid away to an external account.

Paul_Herring

Deleted_User wrote:

Only to the extent that, in this case, monthly interest has to be paid away to an external account.

I may be misremembering the application process but I thought the only restriction there was if you wanted yearly interest, it had to go to the same account - did the text change if you selected monthly?

Dagobert

Mr_Mumble wrote:

4 day BACS (3 if before 11am) - a day longer than most

Admittedly, 11 o'clock is a rather early cut-off point but 3-day BACS transfers are the norm assuming that this follows the normal bank terminology, which includes the day of transfer*.

By the way, where did you pick this up from?

*3-day transfer arrives on Wednesday if sent on Monday.

[Deleted User]

Paul_Herring wrote:

I may be misremembering the application process but I thought the only restriction there was if you wanted yearly interest, it had to go to the same account - did the text change if you selected monthly?

My interpretation was that if you wanted the interest to be credited to the IceSave account, you had to elect to receive annual interest. If you elected to receive monthly interest, it had to be paid away. I may be wrong, of course.

BTW I have already received an acknowledgement by email, so pretty efficient (at the moment!).

[Deleted User]

'This is Money' have now latched onto it. See here

http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=413485&in_page_id=7&ct=5&ito=1453