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Should I leave my money in Icesave and ICICI?

coffeekid100
by coffeekid100 06 October 2008  |  Comments 2 comments  |  Love Love  0 loves

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  • alunc
    Love rating 0
    alunc posted

    As far as Icesave is concerned take a look at Robert Pestons blog and make your own jugement.

    http://www.bbc.co.uk/blogs/thereporters/robertpeston/2008/10/creditors_call_time_on_iceland.html

    You should be covered by the FSCS for upto £50K, but with Icesave you may need to claim the part of this from the Iclandic equivelent first.

    Posted on 06 October 2008 | Love Love  0 loves Report
  • Wellsprungalice
    Love rating 20
    Wellsprungalice posted

    For the time being, you can't remove your money anyway. The Icesave site says: "We are not currently processing any deposits or any withdrawal requests through our Icesave internet accounts. We apologise for any inconvenience this may cause our customers. We hope to provide you with more information shortly."

    I can only hope this is to stop a run on the bank, and that they will continue to process transactions when the hoo-ha calms down a bit.

    Posted on 07 October 2008 | Love Love  0 loves Report

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