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ISA Virgin - Please help!

Hi, I've finlly discovered the benefit of ISA's. I've been recommended Icelandic bank ICESAVE, at a rate of 6.10% when you open with £1000+. Has anyone heard of or hold an account with this bank. Is it safe?

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    I've heard people using this bank so yeh go for it. Banks are safe. Your money is protected £33k (around that figure) with each bank so don't worry about that.
  • debbie42
    debbie42 Posts: 2,586 Forumite
    It's covered by the UK £35K amount. I've had an account with them for a while now and am happy with it (and their customer service which is based in Newcastle, I think?).
    Debbie
  • Lavendyr
    Lavendyr Posts: 2,610 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I have both an ISA and a savings account with them and have never had any issues - good customer service and internet banking system.
  • Yes they're good used to have savings account with them - now switched and 3years ISA's with them, at present. As above, covered by FSA £35k guarantee.
    "Every Pounds A Prisoner "
    "Loyalty to the Best Interest Rate"

    :beer:
This discussion has been closed.
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