Welcome Landsbanki!

manhattan

i didnt send a cheque for the deposit,i opened it with a DD set up from within my icesave account for the full amount instead of just the 2k deposit.
it did state 5th december but i have checked my accounts and it has left my current account but it is not in the icesave.

chesky369

check towards the end of the day - they may do a 3pm round-up or something like that. It is still 5th.

paulchef1

Deposit in account today, Wed 6th Dec (3 working days from transfer, 4 working days from initial account opening). :T
Statement says it arrived via bank.

Received confirmation of DD instruction by letter, 8.30am, today, asking to check and correct details, if wrong, with customer services asap.
Letter also states DD collection reference they will be using, for my info.

All in all a job very well done, absolutely no complaints and first class service so far. :beer:

Any problems with day to day usage I will post here...

manhattan

my savings have now hit my ICEsave account! no problems here

ReportInvestor

The Sunday Independent welcomes these foreign invaders - especially Landsbanki

"...There are now nine foreign providers offering competitively priced accounts....This is a foreign invasion that everyone with money to save can welcome....

....."[ICICI & Landsbanki] are paying a pretty good rate of 5.45 per cent," says Sue Hannums at independent financial adviser (IFA) AWD Chase de Vere. "This is especially true for Landsbanki, which has a three-year guarantee to pay at least a quarter point more than the Bank of England base rate [currently 5 per cent] until October 2009, and then at least base rate for the next two years. This knocks the socks off its competitors........."

Starzy

Hey all,

My first post,:T

Anyway I just opened an ICEsave account, just a few questions if you could help me...

When I went through the application I set up a DD, do I still need to set one up with my bank or is it already done?

I am transfering £250 a month does that mean I get the full 5.45%?

As you see am pretty new and don't have much of a clue about saving, Now that I have cleared all my debt's mostly thanks to this site. I now can focus on saving.

If anyone could help that would be ace.

Thanks
Chris

Patr100

When I went through the application I set up a DD, do I still need to set one up with my bank or is it already done?

If the DD was with your current account main bank then it's done.

I am transfering £250 a month does that mean I get the full 5.45%?

As long as you have at least £250 in there then yes, but minus tax of course if you are a tax payer.

Starzy

Patr100 wrote:

If the DD was with your current account main bank then it's done.


As long as you have at least £250 in there then yes, but minus tax of course if you are a tax payer.

Thanks for the reply mate, Yes the DD was with my main account which I get my wages put into.

So are you saying that the £250 will get taxed when transfered into the ICesave account? meaning I won't get the 5.45% because it's under £250?

jem16

Starzy wrote:

Thanks for the reply mate, Yes the DD was with my main account which I get my wages put into.

So are you saying that the £250 will get taxed when transfered into the ICesave account? meaning I won't get the 5.45% because it's under £250?

The 5.45% is a gross rate of interest. When you get your interest, 20% will then be taken off for tax purposes making the rate 4.36% net. This assumes you are a basic rate taxpayer.

Starzy

jem16 wrote:

The 5.45% is a gross rate of interest. When you get your interest, 20% will then be taken off for tax purposes making the rate 4.36% net. This assumes you are a basic rate taxpayer.

Ahh I see, thank's for all the help. I'm sure I will be back for some more at some point.

Cheers
Chris