Dot ComUnity Credit Union - ISA

darren72

gwapenut wrote: »

I've just had my ISA statement in the post. Missing the backdated interest, but otherwise correct. Am not worried about receiving a few pounds by separate cheque later that I won't be able to deposit into my ISA account - the main thing is to get the current cheque earning interest, tax free or otherwise, ASAP

That is my exact concern !

Archi_Bald

My cheque is - sort of - correct. It has slightly more interest than expected but I am happy to accept this as compensation for all the hassle.

It also has the added fiver, which I'll ask Nationwide to deposit into my current account.

As an aside, I had an email just now from Cork Gully with the missing notes from the FSCS letter.........the notes are not saying anything about the ISA.

darren72

Someone had posted a spreadsheet to make the calculating of interest straight forward (for multiple deposits) - I cannot find it now. Would someone be able to point me in the right direction please ?

Thanks in advance

colsten

Cork Gully have now emailed me my ISA statement. Off I trondle to Nationwide then, with half a tree's worth of paper.

prenticesa

colsten wrote: »

Cork Gully have now emailed me my ISA statement. Off I trondle to Nationwide then, with half a tree's worth of paper.

Good luck - I hope you fair better than I have so far. Let us know how you get on.

Archi_Bald

darren72 wrote: »

Someone had posted a spreadsheet to make the calculating of interest straight forward (for multiple deposits) - I cannot find it now. Would someone be able to point me in the right direction please ?

Thanks in advance

I have just uploaded a version of it onto the google group.

I am not sure whether it is correct though - - I recall a post from somebody saying it wasn't?

oldharryrocks

Just noticed the Local Bournemouth Daily Paper is now running with the story.

http://www.bournemouthecho.co.uk/news/12959669.Bournemouth_based_credit_union_goes_into_administration/

Archi_Bald

Here is the "reverse of FSCS letter", as emailed by Cork Gully

darren72

So the missing letter states that by using this cheque it is taken as full and final settlement - So those who are waiting for the additional (missing) interest to be paid cannot use this cheque !??

pafpcg

gwapenut wrote: »

Yes, pafpcg managed it, and I think in that case the difference between statement and cheque was probably more than £100

Correct! Multiple hundreds in interest in fact. According to all the documentation I had received from the administrators and FSCS, I assumed that the difference was entirely due to the interest I would expect to be credited to the ISA account up to 14-May and that's exactly what I told the Nationwide. I've yet to receive any breakdown of the sum of money on the FSCS cheque from either the administrators or FSCS to contradict that assumption - anything else is just my speculation.