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Icesaver introducing ISA from tomorrow

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Comments

  • KTF
    KTF Posts: 4,855 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Doubtful as the banks they list all have lower rates than Icesaves.
  • Comfortably_Numb
    Comfortably_Numb Posts: 7,983 Forumite
    I'm a little concerned about this £35000 limit if things go pear shaped.

    I have a joint savings account with my wife with Icesave with around £300000 in it.

    Does that mean we both have a £35000 limit in the event of trouble, or is it a joint limit?

    We both also have ISAs elsewhere, and if we transfer them to an Icesave ISA, is that included in the grand total towards £35000, or is each account covered by a fresh £35000 limit?

    Thanks.
  • Lavendyr
    Lavendyr Posts: 2,610 Forumite
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    You each get £35000 coverage per institution, not per account.
  • THX
    THX Posts: 75 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Where can I find the sort code for the Yorkshire e-Isa?
  • Stompa
    Stompa Posts: 8,391 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    THX wrote: »
    Where can I find the sort code for the Yorkshire e-Isa?

    I'd have thought clicking on the 'Our sort code' link here:

    http://www.ybs.co.uk/savings/online/eisa/index.jsp

    would be a good place!
    Stompa
  • Comfortably_Numb
    Comfortably_Numb Posts: 7,983 Forumite
    Lavendyr wrote: »
    You each get £35000 coverage per institution, not per account.


    Thanks for that.

    I presume that means both of you have a £35000 limit each if you have separate accounts, but not if you have a joint account?
  • masonic
    masonic Posts: 29,161 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Comfortably_Numb wrote: »
    I presume that means both of you have a £35000 limit each if you have separate accounts, but not if you have a joint account?
    I'm not sure about joint accounts, but the limits are per individual, so joint accountholders might both be able to claim against their share of the funds deposited.
  • Lavendyr
    Lavendyr Posts: 2,610 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I do believe it is per person, so if you have a joint account, it's £70k for the two of you. :)
  • THX
    THX Posts: 75 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Stompa wrote: »
    I'd have thought clicking on the 'Our sort code' link here:

    http://www.ybs.co.uk/savings/online/eisa/index.jsp

    would be a good place!

    Yeah I found it just after posting that:p

    Thanks anyway ;)
  • Comfortably_Numb
    Comfortably_Numb Posts: 7,983 Forumite
    Lavendyr wrote: »
    I do believe it is per person, so if you have a joint account, it's £70k for the two of you. :)


    Thanks, that seems logical, as the alternative would be to have separate accounts.

    Thanks to masonic too :beer:
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