Icesave

poppy10_2

Icesave has increased the rate on its six-month bond by 0.10 points to 6.86% to match rival Kaupthing Edge.

chesky369

I had trouble with the logging-in process when I first opened the account - particularly with the date, for some reason. I had to actually write it down for the first few times, since my brain didn't seem to work from 'top to bottom' rather than left to right, as with most log-ins.

Mary_Hartnell

chesky369 wrote: »

...Unfortunately this does not always prove to be the case with new heavy industrial plant...

It'll be OK unless they have BA in charge.

BAA with the Spanish calling the shots ?

http://forums.moneysavingexpert.com/showthread.html?p=10106573#post10106573

jem16

chesky369 wrote: »

I had trouble with the logging-in process when I first opened the account - particularly with the date, for some reason.

The date seems to cause quite a lot of problems. I've had trouble with the date too and I'm positive I was correct. My son had trouble with the date last week too and he was sure it was correct.

I have also read of others having problems and always with the date.

chesky369

But Jem, it was MY fault, I couldn't get the hang of doing it properly at first, so I had to write my numbers down each time and take it very slowly - I think it was because I had at the time a lot of the number 1 in the date and kept losing track.

joe_9t

Hi all, i'm new to the forums and only really joined after trying to get more information on the risk associated with 'Icelandic' banks.

I have been with Icesave for about 12 months now and have transferred all of my ISAs over to them as well. I then read Martins piece on the risk associated with Icesave and decided to investigate it further for my own piece of mind and i suppose i did get the jitters with what i have read on other sites.

I got to the point where i decided i would check out some other accounts that would be fully covered by the FSCS should anything untoward happen as i also got worried by the 'passport' compensation scheme as well, how long could it take, would i struggle with a foreign regulator / agency when trying to claim.

I was looking around for a 'safe' account and was leaning towards ICICIs HiSave account but after reading of peoples problems there with transferring money in and out, the bad levels of customer service etc etc i have also now decided against that account and none of the others on offer take my fancy.

I have made my own mind up about the rumour mill surrounding the Icelandic banks though and it is this:

People have been extremely concerned over their savings since NR (which ironically is probably one of the safest now). We all want the best interest rates we can find and currently the UK banks aren't offering those rates so we are all looking elsewhere which doesn't help the UK banks. So the rumours are started against foreign banks and banking systems, compensation schemes etc and we are all given the 'wobblies', resulting in a lot of people closing their foreign accounts and moving back to UK banks to maximise their exposure to compensation (35k) with possibly no hassles of dealing with foreign institutions (yeah right, no hassles here in the UK !).

But the same rumours happen here anyway, like a few weeks back, i think it was HBOS reported to be in trouble and for 3 days the markets went crazy and some traders made millions on the back of this rumour, millions of £££s made when it was quite possible another run on a UK banking institution could have been on the cards, remember NR.

The banks and traders have had it easy for the past decade or so and now things are very hard all over the world and so some unscrupulous traders start off a few rumours to get customers back with them and their institutions or to get people to move their investments to them.

In the event of anything happening with Icesave i may have a bit of a headache to get my cash back but it is either a headache to me then or a headache to me now if i was to switch my account to ICICI and the problems their customers are having.

I wasn't aware of any problems with Icelandic banks and it was only when i went looking that i found a problem, as they say, ignorance is bliss, and if we all knew half of the information that banks don't want us to know we would all have our cash under the mattress !!!

SORRY FOR THE LONG POST, I AM ALMOST FINISHED, I PROMISE !

So to Icesave, as i said, i have been with them for about 12 months and have never had any issues with them at all regarding customer service or with the website. Any problems i did experience were due to me forgetting passwords or numbers.

Lets hope we get a rate rise off Icesave soon, i doubt it though, they will be keeping their profit for those hard times ahead that people are telling them they are about to have !!

chesky369

"Lets hope we get a rate rise off Icesave soon"

the new six-month saver is 6.8% which isn't bad.

Mary_Hartnell

There is a BBC World Service program about Iceland today, in its "Business Daily" series. Listen again on the net or probably repeated @ 12:40 & 22:30 on 648 medium wave.
It claims to be a tiny (pop=300k) internet savvy place. OK that is big compared to Bermuda, Cayman, Gibraltar, Andorra and Monaco but makes Luxembourg and Estonia look like major countries!

Meltdown_2

Iceland is getting bigger every year - along the mid-Atlantic ridge.
It even gets completely new islands every now and then ...