Reply to: Smart bankers go to Iceland

[ContractIn]

3 working days in normal times.

got my all my cash within 3 working days.

And looking at this thank god!

http://news.bbc.co.uk/1/hi/business/7654257.stm

[rootsnall]

When you withdraw your cash from ICEsave how long did it take to hit your account, someone mentioned 2 weeks !

3 working days in normal times.

[Bumfluff]

When you withdraw your cash from ICEsave how long did it take to hit your account, someone mentioned 2 weeks !

[ContractIn]

Same here. I have a standard set of passwords but after a couple of failures I didn't want to risk getting locked out. It's in the wife's name which means I can't ring them up.

What's the odds of them going down today !?

Probably quite high

http://www.telegraph.co.uk/finance/f...gh-street.html

Oh sh!T can I get home quick enough to make the transaction

[rootsnall]

I had that problem until I wrote it all down, defeats the object a little!

Can't clear mine out until I get home!

Same here. I have a standard set of passwords but after a couple of failures I didn't want to risk getting locked out. It's in the wife's name which means I can't ring them up.

What's the odds of them going down today !?

Probably quite high

[ContractIn]

I just opened an AA 1 yr fixed, 7+%, went to Icesave to clear it out and can't remember my Favourite Name

It is covered by the FSA scheme but I think it'll be interesting if it went under, probably agood move.

I had that problem until I wrote it all down, defeats the object a little!

Can't clear mine out until I get home!

[rootsnall]

I woke up today and thought how safe is my money in ICESAVE, so thought I'd scan the forum to see if anyone else has similar concerns after yesterdays news that Iceland had bailed out a bank.

I am pleased to say I have just opend up the natwest e-save and bringing it back onshore! So thanks for pointing this out.

I did raise a question on another thread, what are the likes of prem footballers, gordon ramsey's and other millionaires with millions of surplus cash doing with their money when the FSA only covers upto 35k?

I just opened an AA 1 yr fixed, 7+%, went to Icesave to clear it out and can't remember my Favourite Name

It is covered by the FSA scheme but I think it'll be interesting if it went under, probably agood move.

[ContractIn]

knee jerk?

I woke up today and thought how safe is my money in ICESAVE, so thought I'd scan the forum to see if anyone else has similar concerns after yesterdays news that Iceland had bailed out a bank.

I am pleased to say I have just opend up the natwest e-save and bringing it back onshore! So thanks for pointing this out.

I did raise a question on another thread, what are the likes of prem footballers, gordon ramsey's and other millionaires with millions of surplus cash doing with their money when the FSA only covers upto 35k?

[OwlHoot]

Apparently in Spain banks are not allowed to set up "special purpose" companies to hide dodgy loans. Hence they are unaffected.

That might make them *more* vulnerable surely? Half the problem with these dodgy loans is that they're mixed up with the sounder ones, and it's hard to distinguish them.

So if the banks kept them at arm's length within "loanshark" subsidiaries, wouldn't that have helped?

[rootsnall]

Cheers, he is going to take his £ out and stick it in a saving account with Natwest, they are going an e-savings account with intro bonus for 12months the rate is 6.50% gross and thats actually better than ICE save. I cant see Natwest going under

Spread it around in 35K chunks, the 'I cant see ??? going under' is no longer applicable.

The first rumours about RBS are starting

[Bumfluff]

I've got some in Icesave and they are part of the 35K scheme but it is a bit complicated by claiming on the Iceland scheme first if it goes under. But 35K SHOULD be ok. The parent bank Lansbanki are up to their neck in it. A 6 figure sum is asking for it.

Cheers, he is going to take his £ out and stick it in a saving account with Natwest, they are going an e-savings account with intro bonus for 12months the rate is 6.50% gross and thats actually better than ICE save. I cant see Natwest going under

[rootsnall]

Ive got a relative with a lot of £ in ICE save and he asked me what I think he should do (give it to me ). But on a serious note if you had a 6 figure sum in ICE save would you take it out and put it some where else ? I thought ICE save was primarly a savings with little exposure to mortgage markets etc and therefore would be a safe bet.

I've got some in Icesave and they are part of the 35K scheme but it is a bit complicated by claiming on the Iceland scheme first if it goes under. But 35K SHOULD be ok. The parent bank Lansbanki are up to their neck in it. A 6 figure sum is asking for it.

[Bumfluff]

Ive got a relative with a lot of £ in ICE save and he asked me what I think he should do (give it to me ). But on a serious note if you had a 6 figure sum in ICE save would you take it out and put it some where else ? I thought ICE save was primarly a savings with little exposure to mortgage markets etc and therefore would be a safe bet.

[BrilloPad]

Apparently in Spain banks are not allowed to set up "special purpose" companies to hide dodgy loans. Hence they are unaffected.

Shame about their property market

[BlasterBates]

Apparently in Spain banks are not allowed to set up "special purpose" companies to hide dodgy loans. Hence they are unaffected.