Welcome Landsbanki!

gt94sss2

Has anyone tried to make a withdrawal from their Icesave account?

After going through the process, an entry appears under Future Transactions with the status of 'pending' and a Description saying 'To external bank account' but the money being withdrawn is listed under 'Money In' and the expected balance is showing as increased by that amount and not decreased!

Regards
Sunil

[Deleted User]

I have withdrawn some money. I like the icesave account for its simplicity and good rate of interest

home_alone

I wonder if all customers of Landsbanki will get cheap West Ham tickets as they are the money behind the take over.

gary

Limes

May already have been mentioned but Icesave have just started contacting customers about a change to their withdrawal conditions along with the rate increase.

Now takes 7 business days from date of deposit for funds to be able to be withdrawn:


Dear XXXXX,

Icesave Interest Rate Increase

Following the decision by the Bank of England to increase the Base Rate by 0.25% on 9th November, we are pleased to announce that the interest rate on your Easy Access account has increased by 0.25% from 5.20% to 5.45% gross p.a.¹ / AER² from Wednesday 15th November 2006 on all account balances in excess of £250.

Terms and Conditions Change

Please note the following change to our standard Terms & Conditions, effective 30 days from the date of this e-mail.

Withdrawing money from your Icesave Account

Existing
5b.Funds deposited electronically by you will be available for withdrawal from the next business day.

Revised
5b. Funds deposited electronically by you will be available for withdrawal 7 business days after receipt of your deposit.

All other terms and conditions of the account remain unchanged.

Yours sincerely

Simon Healy
Head of Savings

Important information

1.Gross p.a. is the rate of interest payable to eligible non-tax payers, without the deduction of lower rate tax.

2.AER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year. 5.45% gross p.a. / AER is the rate payable when interest is paid annually. 5.32% gross p.a. / 5.45% AER is the rate payable when interest is paid monthly.

https://www.icesave.co.uk

You should keep your password secret and secure. If you think that someone else may know it, please contact us on 0845 605 6050 and we will change it for you immediately.

For your security, please do not include any personal or account information in an email to us. We will never ask you to provide this information to us in an email.

E-mail: customerservice@savings.icesave.co.uk

Icesave documentation is available in Braille, large print and audio versions.

This message (including any attachments) is confidential and may be privileged. If you have received it by mistake please notify the sender by return e-mail and delete this message from your system. Any unauthorised use or dissemination of this message in whole or in part is strictly prohibited. Please note that e-mails are susceptible to change. LANDSBANKI ISLANDS h.f (including its group companies) shall not be liable for the improper or incomplete transmission of the information contained in this communication nor for any delay in its receipt or damage to your system. LANDSBANKI ISLANDS h.f (or its group companies) does not guarantee that the integrity of this communication has been maintained nor that this communication is free of viruses, interceptions or interference.

Icesave is a trading style of Landsbanki Islands hf, incorporated in Iceland (id. no. 540291-2259), whose registered address is Austurstraeti 11, 155 Reykjavik, Iceland. Registered in the UK under Company Number FC26112 at Beaufort House, 15 Botolph Street, London, EC3A 7QR.

Landsbanki Islands hf. is Authorised by Fjarmalaeftirlitid in Iceland and the Financial Services Authority and is Regulated by the Financial Services Authority for the conduct of UK business: FRN: 207250.

Landsbanki subscribes to the Banking Code.

Dave_Q

jonnyb wrote:

before I take the leap, a daft question :
is it easy to withdraw ? I assume you place the request online and they DD the money to your nominated account.

anybody done that yet, or are you all sitting there soaking up maximum interest ?

I have withdrawn money and it worked perfectly well - completed simple online request via Icesave and transferred to my IF current account.

Patr100

Well i have just applied online- straight forward but no confirmation of acceptance - I have no drivers licence or passport but hope electronic searches will suffice. i imagine they are "snowed under" with applications .....geddit


I await further details via post , it seems.
-

jem16

I applied on Sunday night and didn't enter either driver's licence nor passport number. My confirmation said details would be posted out.

Received an email on Monday confirming application. Direct debit confirmation arrived in the post today along with my User ID. Logged on and account is set up, sent first deposit by BACS.

Welcome Pack to follow apparently.

Bleg

wow does this mean that all those MSE that had been with ING are all going over to Landsbanki or are you going to run both accounts alongside each other.

Paul_Herring

Bleg wrote:

wow does this mean that all those MSE that had been with ING are all going over to Landsbanki or are you going to run both accounts alongside each other.

Bulk of savings in IceSave, leaving ICICI open with a tenner in to keep it open.

Just in case.

I've had too much hassle with ICICI's ability to transfer money on my terms, not theirs, to trust them at the moment, (long story short, they caused me to go overdrawn to pay an expired 0% CC bill and paid interest late for Oct) but hope they may improve - their interest rate and/or service.

Should they become a better account, I don't want the hassle (arrrrhhhh!!!) of re-opening an account with them.

Bleg

I think I am tempted to open an account with icesave but as a non-tax payer I understand from previous threads that the decision to be offered the Gross interest rate at source is at their discretion. Otherwise I would have to clain it back through the inland revenue.