Icesave

[wendigo100]

I have a fair wedge of cash with the muppets at Abbey.

Have you got a mortgage or other large loan?

If so, switch to a current account mortgage and put it in there.

[Bagpuss]

Sainsburys bank are paying 6.3% , no complaints from me so far.

Icesave is 6.25, is it underwritten by the FSA? because ICI ICI isn't or certianly doesn't come with the usual guarantees

Infact, don't bother with ICI ICI @ 6.35 seems attractive but their customer service is sh1t, like changing log on ids without telling the customer

[sunnysan]

Question

If you have 30k in Savings and then cash ISA's, are cash ISA'a alos covered or would they form part of the 30K that is covered?

[mikeupd]

?Icesave = Northern Rock

I seem to think that the two Companies are linked or the admin for Icesave is carried out by NR.
OK, Landibanki are the owners.
Have a look @ Sainsburys...

[Bagpuss]

I seem to think that the two Companies are linked or the admin for Icesave is carried out by NR.
OK, Landibanki are the owners.
Have a look @ Sainsburys...

Sainsburys bank is co-owned with HBOS, so should be safe as house prices

[Clippy]

Stick to 30K and you don't realy need to worry about it, you are looking at a very unlikely 3K loss at most. Spread it around if you've got more than 30K, there are quite a few with good interest rates. I've got multiple accounts on the go in the wife's name, a bit of a pain keeping on top of them all but better than having a 100K in one if banks start going down.

Good advice - came to this conclusion as well after my last post.

Was trying to avoid this as, as you say, it's a pain managing multiple accounts particularly as I have a fair few as it is.

I'll take a look at the Sainsbury's account mentioned to by other posters.

Bit miffed by the 60 day withdrawal clause and I wouldn't be surprised if Sainsbury's has adjusted it's terms to include this but as long as they are part of the deposit protection scheme and you have less than 30k with them, then this should be no biggie.

[Clippy]

Sainsburys bank are paying 6.3% , no complaints from me so far.

Bagpuss - do you know if Sainsbury's bank have a UK or overseas call centre. Cheers.

[Bagpuss]

I've only spoke to them once by phone and it was someone in the UK. The call centre number is routed to a Leeds number, via the usual 0870 scam. I'm not sure if they use other call centres though.

[Clippy]

I've only spoke to them once by phone and it was someone in the UK. The call centre number is routed to a Leeds number, via the usual 0870 scam. I'm not sure if they use other call centres though.

Cheers fella.

[RightLaugh]

From 1st Oct IceSave are offering 6.3%