Q&A

Answer a question


06 October 2008

Is it time to bale out of Icesave?

I have £35k invested in an Icesave fixed interest bond. It is part of the Icelandic bank Landsbanki and the latest news is that the Icelandic Goovernment might be about to nationalise all the key banks there. Currently it is covered by the 'passport scheme' which means that if the bank collapses i claim the first part of any loss from the relevant Icelandic authority. I suspect that itself might well be a frustrating and time consuming process but what happens if the bank is nationalised before it collapses? I wonder if the Icelandic authorities will just be inclined to look after their own nationals and leave the rest of us high and dry.

  • REPORT This comment has been reported.

1 Answers

Answers

Be the first to answer

Do you want to answer this question? You need to be signed in for this feature

Answer a question

Be the first to ask a question

  • {{ question.title }}

    {{ question.authorName }} On

    {{ question.answerCount }} Answers

Copyright © lovemoney.com All rights reserved.

 

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom.


Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards.


While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.