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Help and advice re savings

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  • colsten
    colsten Posts: 17,596
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    EricDeeson wrote: »
    Don't know where to tell MSE about 10% tax-free interest on savings, so I hope this forum will be OK!

    The scheme's suitable for people shopping in Iceland as the savings is repaid through future shopping in their shops.

    For the rest of this month they add £1 to your savings account for each £10 you save. So I'll add £200 to my savings there, which becomes £220, and that'll cover shopping till about Advent when they usually have another such deal (though only 4% interest).

    What happens to your money if Iceland go bust before you manage to spend your savings with them?
  • Nationwide8
    Nationwide8 Posts: 362
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    edited 10 February 2016 at 6:18PM
    EricDeeson wrote: »
    Don't know where to tell MSE about 10% tax-free interest on savings, so I hope this forum will be OK!

    The scheme's suitable for people shopping in Iceland as the savings is repaid through future shopping in their shops.

    For the rest of this month they add £1 to your savings account for each £10 you save. So I'll add £200 to my savings there, which becomes £220, and that'll cover shopping till about Advent when they usually have another such deal (though only 4% interest).

    Best wishes, all - Eric

    Who is the savings account with ??

    Also the £36 through TCB to switch to Nationwide....has anyone actually got that reward ? Am also assuming you have to be a new customer to Nationwide to get it ??
  • eskbanker
    eskbanker Posts: 42,568
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    colsten wrote: »
    What happens to your money if Iceland go bust before you manage to spend your savings with them?
    It did once before! ;)
  • colsten
    colsten Posts: 17,596
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    Who is the savings account with ??
    not with any firm that has FSCS protection. Anyone remember Farepak?
    eskbanker wrote: »
    Different Iceland, but no reason why Iceland the shop shouldn't go bust.
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