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13 November 2008

Can I retrieve my Icesave savings account money electronically and leave my fixed term account until term, using the paper process?

Before I take the plunge - I have/had 2 accounts with Icesave - one ordinary and one deposit account. It isn't quite clear to me from the information on the Icesave website just after logging in whether I can reclaim one of these electronically, and deal with the other by the paper process. From this you will gather that I am toying with the idea of leaving the fixed term deposit account as it is (until the end of its term in May next year), since the contractually entitled interest is 7% and this seems too much of a good deal to turn down. The reply obtained by Fool169596560 from the FSCS seems to support this strategy.

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