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Kaupthing & icesave banks

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johnolder

johnolder Posts: 3 Newbie

31 March 2008 at 8:15PM in Savings & investments

Can anyone tell me if Kaupthing & Icesave are of the same Banking Institution. I am interested to know because the FSCS would only garantee the first £35000 of savings, even if £35000 were invested in both banks ie a total of £70000 for one customer.

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KTF Posts: 4,848 Forumite

31 March 2008 at 8:23PM

They are different companies.

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Lavendyr Posts: 2,610 Forumite

31 March 2008 at 9:05PM

Indeed, Kaupthing is Kaupthing (duh ), Iceland's biggest bank, whereas Icesave is operated by Landsbanki, Iceland's third largest bank.

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