Icesave

[Clippy]

In the news: http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/27/cmliz27.xml

 

[ferret]

Yup, for anyone now reading this the protected amount is 100% of the first £35k in savings too.

http://www.moneysavingexpert.com/savings/safe-savings#collapse

If you do look to spread your risk then also look here:
http://www.moneysavingexpert.com/savings/safe-savings#every

The chart shows that some of the brands out there are all under one company and the protected amount relates to the whole group and not individual accounts so be careful

 

[Sysman]

Yup, for anyone now reading this the protected amount is 100% of the first £35k in savings too.

http://www.moneysavingexpert.com/savings/safe-savings#collapse

If you do look to spread your risk then also look here:
http://www.moneysavingexpert.com/savings/safe-savings#every

The chart shows that some of the brands out there are all under one company and the protected amount relates to the whole group and not individual accounts so be careful

Thanks ferret, you've just answered the question I was about to ask with the group thingy.

If you have savings spread around, keep an eye on bank mergers.

 

[rootsnall]

http://www.telegraph.co.uk/money/ma.../03/27/cniceland127.xml&CMP=ILC-mostviewedbox

Note the mention of the owners of Icesave !

I've finally got off my behind and transferred a wad out to get me down to the 35K protection level. If you have a look around A&L amongst others are now paying more.

Doooooooomed !

 

[DimPrawn]

I would have thought putting it all in Northern Rock is safest place.

After all New Labour know how to look after the economy and they are running that bank too.

 

[crack_ho]

http://www.kaupthingedge.co.uk/ is the new icesave.
6.5% on savings. Don't think they do an ISA yet.

 

[Andy2]

http://www.kaupthingedge.co.uk/ is the new icesave.
6.5% on savings. Don't think they do an ISA yet.

Isn't it an icelandic bank? They are all in trouble.

 

[DimPrawn]

And another thing. This £35K the FSA will pay out of a bank goes tits up.

No one knows if they will pay up, whether it will take 10 yrs to see to each compensation claim or what.

Stick to BTL.

 

[rootsnall]

And another thing. This £35K the FSA will pay out of a bank goes tits up.

No one knows if they will pay up, whether it will take 10 yrs to see to each compensation claim or what.

Stick to BTL.

My thinking is if the government don't honour the very well publicised 35K thing then we really are uber doomed and it's time to turn the lights off.

BUT saying that BTL should be OK come what may.

 

[crack_ho]

The Icelandic banks are protected by 2 schemes.
If the FSA didnt pay out for the first collapse of any bank, then all banks would be stuffed and your money in Lloyds, or whoever you perceive to be safer, could be frozen as a run on all banks starts.