To ICIC or not to ICIC?

IGK

masonic wrote: »

Well this is where the difference between risk and safety comes in. Although, arguably, there is slightly more risk involved in holding your money with Landsbanki or ICICI than a high street bank here in the UK, your money is just as safe if the worst does happen. So you have a slightly less infinitesimal chance of losing no more than 10% of your deposited funds.

Agreed but for larger sums the risk would certainly be more real.

masonic

IGK wrote: »

Agreed but for larger sums the risk would certainly be more real.

I certainly wouldn't feel comfortable holding more than £35k with ICICI, but I'd avoid doing so anywhere, especially given the number of accounts with high rates to spread funds between.

stylus360

Never had any probs here with icici. Everything running smoothly for the last 8 months.
Go for it i say.