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Shawbrook bank
Comments
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Google "Icesave 2008"...0
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We have since got the £85k FSCS protection. Totally changed environment.Millyonare said:Google "Icesave 2008"...0 -
Yes, it's always "different this time".Daliah said:
We have since got the £85k FSCS protection. Totally changed environment.Millyonare said:Google "Icesave 2008"...0 -
I just put £20k into their 1 year ISA. It's currently the table topper, and Shawbrook uniquely allow additional deposits on fixed term accounts.0
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...while they're still on sale.Daliah said:I just put £20k into their 1 year ISA. It's currently the table topper, and Shawbrook uniquely allow additional deposits on fixed term accounts.1 -
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I have previously been able to make deposits into fixed ISAs that had long been withdrawn from sale, like over a year0
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Oh yes, I remember it wellMillyonare said:Google "Icesave 2008"...
. I seem to recall that the British government paid up, but it took over a month for me to receive my funds back from my instant access ISA. And I don't think they included interest either. Luckily I didn't need access to the funds during this time. So not only do I think it is never wise to put over £85,000 in one institution, but I would also always split my funds between more than one institution regardless of the total. 1 -
On a side note and apologies if you do have good reason for it, but it does appear you're holding too much cash at the moment (£85k + £250k + another £85k = £420k).
Have you considered if holding this much of your total assets in cash is appropriate?"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
My recollection of IceSave is that it was handled by the Financial Services Compensation Scheme and that savers were given 2 options - an immediate refund or hold on for the full duration of the original investment and that interest was paid.0
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