Icesave (Landsbanki) to new to invest?

Elmooro_2

Just opened a savings account with Icesave but before depositing any cash i researched Landsbanki - it looks as though it has only been registered in the UK since July of last year, even though it is established in Iceland.

Not sure if it is good to invest if this is true. I know if they close your capital is guaranteed but your interest is not.

Any advice????

martyn4764

Established in Iceland for over a century, I believe, and UK consumers are covered by exactly the same level of FSA protection as those of any 'better-known' company.

chesky369

Elmooro - the same was true of ING when they opened a couple of years ago and there's been no trouble with them.

Elmooro_2

Thanks for comments, looks good for go then - been waiting nearly 2 weeks to get access id etc. though, normal?

£$&*"($£&(

No not normal. Mine took 1 day to arrive.

Cypher

Mine took about 10 days, but I think it was held up waiting for me to send off proof of ID etc.

JeanieM

Joined one day, got the initial paper work the next day in the post. Seemed very efficient!!