What savings account?

SJenx78?

I recently tried to open a HiSave account with ICICI and quite frankly I couldn't have had more things go wrong, they were awful! :mad: In a nutshell they told me that they hadn't received my opening cheque and asked me to send another one. I sent another one, meantime they had banked my first one, and as it had been cancelled they closed my account and returned my second cheque! Their customer services were atrocious. 9 calls made and still no resolution. I want a simple online savings account with a good rate of interest but a good history of customer services, any ideas?

Thanks

Griffboy

I had trouble with ICICI, I then opened a Icesave account - no problems.

Froglet

I have had no trouble with Northern Rock or Bradford and Bingley.Both easy to open and operate.,plus decent rates of interest.

bryanb

Icesave for me too!!

[Deleted User]

I highly recommend ICESAVE too. 100% reliable. :money:

Polly80

Has anyone read this article about IcaSave?

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=BP5FJX510NW0BQFIQMGSFFOAVCBQWIV0?xml=/money/2008/02/03/cniceland103.xml

I think the first £35,000 is safe if anything toward happens to the bank.

Does anyone know if this is anything to worry about?

[Deleted User]

Polly80 wrote: »

Has anyone read this article about IcaSave?

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=BP5FJX510NW0BQFIQMGSFFOAVCBQWIV0?xml=/money/2008/02/03/cniceland103.xml

I think the first £35,000 is safe if anything toward happens to the bank.

Does anyone know if this is anything to worry about?

Landsbanki (owners of icesave) have been around since 1886 and I'm sure they'll be around for a long while yet! It's also worth pointing out that they have no direct or indirect exposure to the US sub-prime mortgage market or structured credit obligations.

This recent article puts things into perspective..

http://www.fool.co.uk/news/your-money/2008/02/14/is-saving-with-icelandic-banks-safe.aspx

And this page from icesave website says it all....

http://www.icesave.co.uk/about-icesave.html

I have a substantial sum with icesave, and I sleep very well at night!

Goldfinger :cool:

Polly80

That's very nice to know.

Thank you

[Deleted User]

Polly80 wrote: »

That's very nice to know.

Thank you

You're welcome! There's a lot of scaremongering going on at the moment, and it's getting out of hand. Personally I'd be more worried about my savings being in certain UK banks at present! I congratulate banks like icesave for keeping the UK ones on their toes - Competition is great news for all UK savers. No doubt someone will reply to this with a negative view, all I say is talk to the hand!:D The fact that I'm getting a great service with icesave, and a decent return on my money is good enough for me!;)

Toastie

Deleted_User wrote: »

You're welcome! There's a lot of scaremongering going on at the moment, and it's getting out of hand. Personally I'd be more worried about my savings being in certain UK banks at present! I congratulate banks like icesave for keeping the UK ones on their toes - Competition is great news for all UK savers. No doubt someone will reply to this with a negative view, all I say is talk to the hand!:D The fact that I'm getting a great service with icesave, and a decent return on my money is good enough for me!;)

Icelandic banks like Icesave aren't linked to the American Sub prime market so your going to be quids in. As long as we have all got some money in them they'll stay open, longer than most the UK banks too.

SJenx78?

Thanks for your help guys. I have applied for an IceSave account. It was so much easier than ICICI. :T