Is Iceland headed for meltdown?

luvpump

nilrem wrote: »

Is this thread suggesting that it is no longer wise to keep in access of 35k in Icesave?

I moved a large 'pot' to Icesave from ING one cannot keep moving cash around!

:eek:

Your first 35 k is protected, the rest is not, & as it appears a distinct possibility that that something is going to go seriously pear shaped i would be very afraid if i were you !!! :eek:

nilrem_2

luvpump wrote: »

:eek:

Your first 35 k is protected, the rest is not, & as it appears a distinct possibility that that something is going to go seriously pear shaped i would be very afraid if i were you !!! :eek:

Great Thanks very much!:eek:

nilrem_2

luvpump wrote: »

:eek:

Your first 35 k is protected, the rest is not, & as it appears a distinct possibility that that something is going to go seriously pear shaped i would be very afraid if i were you !!! :eek:

We have a joint account so it's actually a 70k guarantee but we have more than that invested with them!

Fella

nilrem wrote: »

We have a joint account so it's actually a 70k guarantee but we have more than that invested with them!

Y'know that's the first time it occured to me that you can "frig" the £35K limit up to £70K simply by making an account a joint account (presuming the partner doesn't also hold an account with the same institution).

nilrem_2

Fella wrote: »

Y'know that's the first time it occured to me that you can "frig" the £35K limit up to £70K simply by making an account a joint account (presuming the partner doesn't also hold an account with the same institution).

That is the reason that when I opened my Fixed account with them I invested 70K in a joint account, the rest of the cash is in their normal account and is joint but if things started to look 'iffy' at least I could (hopefully) get the normal account cash out whilst leaving the guaranteed 70k alone.

firsttimetom

I actually stopped my Direct debit going to Icesave this morning and stuck the 16000 in a Halifax 6 month fix @ 6%. It doesn't pay as much as Icesave, but I'm too low risk.

I am however leaving my ISA to go to them (halifax haven't sent it to them yet - I bet they'll leave it the 30 days they are allowed) and I do have a £4000 six month fix that I fxed a couple of weeks ago.

I'm pretty sure this is a case of making something out of nothing. I wish I liked taking more of a risk, as I would have left my other money them Icesave.

[Deleted User]

The telegraph has been printing similar storys about other banks. Dont let it worry your little soul, its all about insider trading and making money from the stock market. Most of the storys they have printed have turned out to be untruthful to say the least.

For example they printed a story about RBS and Barclays needed a rights issue to raise more capital, since then both banks have stated profits are on track and the dividends are to increase. But I guess doom gets more attention then the truth.

The real truth is the american systems in meltdown and they are trying to distract attention.

DARYALS

A&L are offering 6.5% internet account but there are some draconian clauses to it :mad:

[Deleted User]

http://www.independent.co.uk/news/business/news/citigroup-settles-worldcom-class-action-for-265bn-562975.html

http://billparish.wordpress.com/2007/11/28/citigroup-bankruptcy-implications-secfannie-mae-freddie-mac-etrade/

Similar storys about a few others and the bond insurers, the FBI are investigating.

Combined with the Soc Gen french issues, I think the safest place for money is probably icesave or a UK bank!

[Deleted User]

Lansbanki/ICESAVE do a lot of corporate and commercial banking across europe and have some very rich clients. Lansbanki also do a lot off shore tax haven work in guernsey.

The the newspapers premise saying that putting your money in landsbanki is investing in fish production is a load of bunkem. They also do homeloans for the wealthy in the UK.

http://www.landsbanki.co.uk/

http://www.heritable.co.uk/

I have notified landsbanki/ICESAVE of this deformation of character and I hope they take the telegraph for everything they get.