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Ikano Bank
Woodlander
Posts: 14 Forumite
Afternoon all, Just wondering if anyone has any experience of the Swedish Bank Ikano. Am considering a 12 month fixed rate bond at 1.60%. Thanks.
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Comments
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Not a red traffic light but they don't seem to be covered by the FSCS but rather by the Swedish Deposit Insurance Scheme
They do say :
'In the event of a bank failing, any communication about compensation under this scheme would be in English and would come from the Financial Services Compensation Scheme (FSCS) based in the UK, also any money paid back to you would be in pounds sterling'
The protection and limits are equivalent but at the end of the day you would dealing with a Swedish organisation0 -
Thanks, ColdIron, will bear it in mind0
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Woodlander wrote: »Afternoon all, Just wondering if anyone has any experience of the Swedish Bank Ikano. Am considering a 12 month fixed rate bond at 1.60%. Thanks.
Why?
Have you exhausted the many current accounts offering up to 5% or regular savers up to 6% with full FSCS protection?0
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