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Community Forums => The Lounge => Topic started by: Pelham Boy on August 13, 2008, 09:05:10 PM



Title: Icesave
Post by: Pelham Boy on August 13, 2008, 09:05:10 PM
Does anyone know anything about this company?  Is it safe and trustworthy if i wanted to invest say £10k?

This is the link to their website if anyone cares to take a look. Any thoughts appreciated.

http://www.icesave.co.uk/index.html


Title: Re: Icesave
Post by: DaveShoelace on August 13, 2008, 09:08:43 PM
Thinly vield 'I just cashed in a big circuit event' post if you ask me

(well done btw)


Title: Re: Icesave
Post by: pokerfan on August 13, 2008, 09:11:07 PM
you can match these rates on the high street


Title: Re: Icesave
Post by: DaveShoelace on August 13, 2008, 09:11:34 PM
And on the subject of the savings, I think you can match or better 6.3% with a more recognisable and reputable company.

Bookmark this guys website if you havent already:

http://www.moneysavingexpert.com/savings/best-regular-savings-accounts

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


Title: Re: Icesave
Post by: technolog on August 13, 2008, 09:28:29 PM
Icesave are fine. They are regulated and upto £35,000 is guaranteed by the government in the unlikely event they wents tits-up. Their rates can be beaten but not by a lot. I believe ICICI Bank is the current rate leader for savings (non-ISA) accounts of this type. Although fixed-term bonds offer a bit more return - I think ICICI are best for those too.

As the man said Martyn Lewis's MoneySavingExpert (http://www.moneysavingexpert.com/savings/which-saving-account) FTW


Title: Re: Icesave
Post by: pokerfan on August 13, 2008, 10:15:09 PM
http://www.sjpp.co.uk/gwm/
jamie greaves,i went to school with this guy, very successfull.


Title: Re: Icesave
Post by: Pelham Boy on August 13, 2008, 11:30:51 PM
Thanks for the advice guys.


Title: Re: Icesave
Post by: cia260895 on August 15, 2008, 10:20:05 AM
http://www.sjpp.co.uk/gwm/
jamie greaves,i went to school with this guy, very successfull.

Thats who the wife works for.. SJPP


Title: Re: Icesave
Post by: Pelham Boy on October 07, 2008, 02:43:44 PM
http://news.bbc.co.uk/1/hi/business/7656387.stm

Quite pleased i didn't invest.


Title: Re: Icesave
Post by: Colchester Kev on October 07, 2008, 02:44:55 PM
http://news.bbc.co.uk/1/hi/business/7656387.stm

Quite pleased i didn't invest.

wow, nice swerve !!


Title: Re: Icesave
Post by: technolog on October 07, 2008, 06:46:43 PM
Icesave are fine. They are regulated and upto £35,000 is guaranteed by the government in the unlikely event they wents tits-up. Their rates can be beaten but not by a lot. I believe ICICI Bank is the current rate leader for savings (non-ISA) accounts of this type. Although fixed-term bonds offer a bit more return - I think ICICI are best for those too.

As the man said Martyn Lewis's MoneySavingExpert (http://www.moneysavingexpert.com/savings/which-saving-account) FTW

Oops. I did put my money where my mouth is though by transferring my previous years' ISAs to Icesave. Luckily for me it failed on a technicality and they were waiting on me re-sending some paperwork, which, being a dozy, forgetful git, I'd forgotten to do. Phew!


Title: Re: Icesave
Post by: neeko on October 07, 2008, 07:13:19 PM
I see Iceland (the country) have asked Russia for a loan of a 4 bn euros, and given there is little change that they can afford to pay it back, I guess Russia's navy and airforce is about to gain a new airport and naval base in the middle of the Atlantic.


Title: Re: Icesave
Post by: Graham C on October 07, 2008, 07:45:10 PM
My missus has/had an isa with this lot.  Got to fill out a claim now.


Title: Re: Icesave
Post by: pokerfan on October 08, 2008, 07:48:09 PM
no transfer money left at WestHam then.


Title: Re: Icesave
Post by: Graham C on October 08, 2008, 08:23:55 PM
Bad time for the Hammers with their sponsor going busto recently too.


Title: Re: Icesave
Post by: WYSINWYG on October 08, 2008, 09:02:34 PM
http://news.bbc.co.uk/1/hi/business/7656387.stm

Quite pleased i didn't invest.

wow, nice swerve !!
Bank still ok, just had their assets frozen, reduced state of liquidity.


Title: Re: Icesave
Post by: neeko on October 08, 2008, 10:40:24 PM
http://news.bbc.co.uk/1/hi/business/7656387.stm

Quite pleased i didn't invest.

wow, nice swerve !!
Bank still OK, just had their assets frozen, reduced state of liquidity.

Icesave's parent is "OK" in the sense that it is completely broke and incapable of paying back 100% of its deposits.

The UK govt has decided for some reason to "Well i think, cos the press releases make no sense" *but give tax payers money to people who invested in icesave (over and above the £50k ney £35k limit) because they were chasing the extra 0.2% in interest per Annam.

Now these "savers" were more interested in holding their capital rather than their high interest - if they really meant that, then they would not have invested in a bank that is sat on a rock in the middle of a few shoals of cod and some whales.

If a deal looks too good to be true - it probably is.


* but I know nothing - which actually is probably about 10% more then the uk treasury at the moment about what is going on in iceland


Title: Re: Icesave
Post by: WYSINWYG on October 09, 2008, 12:13:47 AM
http://news.bbc.co.uk/1/hi/business/7656387.stm

Quite pleased i didn't invest.

wow, nice swerve !!
Bank still OK, just had their assets frozen, reduced state of liquidity.

Icesave's parent is "OK" in the sense that it is completely broke and incapable of paying back 100% of its deposits.

The UK govt has decided for some reason to "Well i think, cos the press releases make no sense" *but give tax payers money to people who invested in icesave (over and above the £50k ney £35k limit) because they were chasing the extra 0.2% in interest per Annam.

Now these "savers" were more interested in holding their capital rather than their high interest - if they really meant that, then they would not have invested in a bank that is sat on a rock in the middle of a few shoals of cod and some whales.

If a deal looks too good to be true - it probably is.


* but I know nothing - which actually is probably about 10% more then the uk treasury at the moment about what is going on in iceland


 ;iagree; :goodpost:

Do you think this will level the playing field a bit after the government demands more transparency and puts a block on crazy bank capital-gearing?


Title: Re: Icesave
Post by: neeko on October 09, 2008, 09:16:08 AM
So now it appears that half of the local authorities in the UK have put there money in Icelandic banks.

Local Authorities do risk assessment forms for playing conkers in a school yard - I would love to see this form for investing millions in a tiny bank in the middle of the Atlantic. I hope someone uses the freedom of information act to have a look at it, and then publishes it.

Did they not learn anything from the BCCI problems when a council in the Scottish islands lost millions "investing" with them.


Title: Re: Icesave
Post by: neeko on October 09, 2008, 11:14:54 PM
OK, I am making this my own thread but it would be funny if it was not so serious.

so the UK is using anti terror legistation against the county of iceland.

Iceland > al qaeda

Given that Al Qaeda is etherial and therefore untouchable, we are beatng up Iceland.

Yeah us, bullying FTW.


Title: Re: Icesave
Post by: WYSINWYG on October 09, 2008, 11:29:00 PM
OK, I am making this my own thread but it would be funny if it was not so serious.

so the UK is using anti terror legistation against the county of iceland.

Iceland > al qaeda

Given that Al Qaeda is etherial and therefore untouchable, we are beatng up Iceland.

Yeah us, bullying FTW.

Hello and welcome to Bangkok equals:

YouTube: http://uk.youtube.com/watch?v=HsyTyTiOMlo

"Hello you're a bunch of terrorists give us back our money" equals...


Imagine you're a big Icelandic company. UK trade officials visit you and beg you on their knees to open up in the UK, with a tax break. You invest 100 M EUR in the UK. Then a banking squabble erupts between UK and Iceland, so they freeze your assets, crippling your firm. I'd be p!ssed off.


Title: Re: Icesave
Post by: Dingdell on October 10, 2008, 12:42:02 AM
I recommend BCCI for all your banking needs.


Title: Re: Icesave
Post by: kinboshi on October 10, 2008, 09:57:13 AM
It all went down hill when Kerry Katona was brought in.

Good work on the Icesave-avoidance thought guys, missed a bad beat there.