Paging Higgins
Charlie
Icelandic banks with the equity from your house sale.
TOG@Toil
> I hope that you took the advice, a while back, to resist entrusting the
> Icelandic banks with the equity from your house sale.
Ouch. So do I. Probably safer to chuck it in a Paypal account at the
moment.
CT
> I hope that you took the advice, a while back, to resist entrusting
> the Icelandic banks with the equity from your house sale.
*waves*
I put some of the proceeds of my sale into Kaupthing Edge and I have
absolutely no problem with it being there.
Of course, I spread the money between several bank accounts and I'm
covered in all cases by the FSCS £50,000.
I'm sure Higgins, if he did use an Icelandic bank (or any other for
that matter) would have also spread it about a bit.
http://www.kaupthingedge.co.uk/about/fscs.aspx
--
Chris
Jeweller
Hang on. I hear it is the INSTITUTE that is 'insured for
the £50K.
Different pots in the same institute are not to be treated
as separate accounts.
I hope I'm wrong.
--
Jeweller
R100RT
Formerly: James Captain, A10, C15, B25, Dnepr M16 solo,
R80/7, R100RT (green!)
www.davidhowardjeweller.co.uk
CT
> Hang on. I hear it is the INSTITUTE that is 'insured for the £50K.
> Different pots in the same institute are not to be treated as
> separate accounts.
>
> I hope I'm wrong.
No, you are correct and I wasn't clear in my post. I don't have
several accounts within the same institution, but several accounts
split across different banks.
There's a handy table here:
http://www.moneysavingexpert.com/savings/safe-savings#whatcounts
--
Chris
Champ
wrote:
>I hope that you took the advice, a while back, to resist entrusting the
>Icelandic banks with the equity from your house sale.
Yersh. I've just transferred half the money I had in my Kaupthing
Edge a/c back to First Direct (as HSBC seem to be one of the more
solid banks atm). I'm not worried about losing the money, as it
should be covered by the FSCS, but I've only left there what I can
afford for the claim process to tie up for a few months
--
Champ
Two standard issue crutches
To email me, neal at my domain should work.
Higgins
> I hope that you took the advice, a while back, to resist entrusting the
> Icelandic banks with the equity from your house sale.
>
>
for the concern[1].
[1]Or the pursuit of an opportunity to point and laugh.
Higgins
> Charlie wrote:
>
>> I hope that you took the advice, a while back, to resist entrusting
>> the Icelandic banks with the equity from your house sale.
>
> *waves*
>
> I put some of the proceeds of my sale
Ah, you finally got there then.
DanB
news:TOOdnf-Yt-bC53bV...@bt.com...
>I hope that you took the advice, a while back, to resist entrusting the
>Icelandic banks with the equity from your house sale.
>
My brother has an Icesave account with about a grand in. He's not worried
cos he's not strapped for cash at the moment, [1] I mean, he's not rolling
in it, but it's not a huge amount of money in the grand scheme of things is
it. Anyway, one of his mates has his entire long term savings of £20k over
there, also in an Icesave account. He's in Egypt on holiday at the moment,
apparently, he was a little irritated when informed....
[1]He has just moved into his first place a bit ago down in Cambridge, thank
fully the nice rise in pay, for effectively the same job with less to do,
seems to be enough to counteract the upped cost in living from up here in
Scarborough.
--
Dan B
Clio R27
Colin Irvine
squeezed out the following:
>"Charlie" <no.spa...@all.ta> wrote in message
>news:TOOdnf-Yt-bC53bV...@bt.com...
>>I hope that you took the advice, a while back, to resist entrusting the
>>Icelandic banks with the equity from your house sale.
>>
>
>My brother has an Icesave account with about a grand in. He's not worried
>cos he's not strapped for cash at the moment, [1] I mean, he's not rolling
>in it, but it's not a huge amount of money in the grand scheme of things is
>it. Anyway, one of his mates has his entire long term savings of £20k over
>there, also in an Icesave account. He's in Egypt on holiday at the moment,
>apparently, he was a little irritated when informed....
I don't know why. He'll get all his money back, and long before his
"long term" is over.
--
Colin Irvine
ZZR1400 BOF#33 BONY#34 COFF#06 BHaLC#5
http://www.colinandpat.co.uk
Jim
Colin Irvine <lo...@bottom.of.home.page> wrote:
>>My brother has an Icesave account with about a grand in. He's not worried
>>cos he's not strapped for cash at the moment, [1] I mean, he's not rolling
>>in it, but it's not a huge amount of money in the grand scheme of things is
>>it. Anyway, one of his mates has his entire long term savings of £20k over
>>there, also in an Icesave account. He's in Egypt on holiday at the moment,
>>apparently, he was a little irritated when informed....
>
>I don't know why. He'll get all his money back, and long before his
>"long term" is over.
I have 30k in an Icesave bond which I was hoping to use for building an
extension next year - here's hoping that they won't still have a hold on
transactions at that point.
--
CB500 (blue + flies)
ginge
>I have 30k in an Icesave bond which I was hoping to use for building an
>extension next year - here's hoping that they won't still have a hold on
>transactions at that point.
I just wish I'd bought HBOS shares yesterday and sold them today.
CT
> I put some of the proceeds of my sale into Kaupthing Edge and I have
> absolutely no problem with it being there.
And now my money has moved from Iceland to the Netherlands without me
rasing a finger.
--
Chris
Champ
heh. Me too.
Fr Jack
>On 9 Oct 2008 08:24:17 GMT, "CT" <m...@christrollen.co.uk> wrote:
>
>>CT wrote:
>>
>>> I put some of the proceeds of my sale into Kaupthing Edge and I have
>>> absolutely no problem with it being there.
>>
>>And now my money has moved from Iceland to the Netherlands without me
>>rasing a finger.
>
>heh. Me too.
AOL
--
Fr. Jack
Life is short and love is always over in the morning.
CT
> Champ <ne...@champ.org.uk> wrote:
>
> >On 9 Oct 2008 08:24:17 GMT, "CT" <m...@christrollen.co.uk> wrote:
> >
> > > And now my money has moved from Iceland to the Netherlands
> > > without me rasing a finger.
> >
> > heh. Me too.
>
> AOL
And the amount that is protected has increased from the FSCS' £50,000
to the Dutch authorities Eur100,000.
In the (hopefully unlikely) event of ING going belly-up, for some
reason I have more faith in getting the money back from the Dutch more
than I did in the FSCS. Probably quicker too.
--
Chris
Fr Jack
>And the amount that is protected has increased from the FSCS' £50,000
>to the Dutch authorities Eur100,000.
>
>In the (hopefully unlikely) event of ING going belly-up, for some
>reason I have more faith in getting the money back from the Dutch more
>than I did in the FSCS. Probably quicker too.
I must admit to being a bit twitchy, at the moment, though, because
I'm going to need a big chunk of my money to pay off my mortgage, in
the next couple of weeks.
As an alternative, I've been looking into Martin Lewis's other
recommendations, based in the UK, offering rates at 0.03 or 0.04%
lower:
http://www.bradford-bingley.co.uk/savings/internet-saver-issue-3.asp
http://www.askbm.co.uk/savings/i/easy/product.asp?id=158&p=overview
No decision made, yet, though...
Charlie
"DanB" <iridi...@googlemail.com> wrote in message
news:6l27i2F...@mid.individual.net...
> "Charlie" <no.spa...@all.ta> wrote in message
> news:TOOdnf-Yt-bC53bV...@bt.com...
>>I hope that you took the advice, a while back, to resist entrusting the
>>Icelandic banks with the equity from your house sale.
>>
>
> My brother has an Icesave account with about a grand in. He's not worried
> cos he's not strapped for cash at the moment, [1] I mean, he's not rolling
> in it, but it's not a huge amount of money in the grand scheme of things
> is it. Anyway, one of his mates has his entire long term savings of £20k
> over there, also in an Icesave account. He's in Egypt on holiday at the
> moment, apparently, he was a little irritated when informed....
It was never a problem up to £35,000 previously, and £50,000 as recently
updated. It was potentially a hyoooge problem for people who had >£50,000.
Hard-hearetd though it is, I think it's wrong for the UK to be indemnifying
people stupid enough to put very large sums at risk in dodgy banks in dodgy
countries, for the sake of a fractionally better rate; not least because
£1bn over there reduces by £1bn the capital ratios for banks over here -
thus compounding the crisis. As others have said here about tempting offers
that have nothing to do with banks: "If it appears too good to be true, it
probably is." I refer back to:
CT
> As an alternative, I've been looking into Martin Lewis's other
> recommendations, based in the UK, offering rates at 0.03 or 0.04%
> lower:
> http://www.bradford-bingley.co.uk/savings/internet-saver-issue-3.asp
> http://www.askbm.co.uk/savings/i/easy/product.asp?id=158&p=overview
>
> No decision made, yet, though...
I did exactly the same. I've already got some dosh in BM as well as
KE/ING.
--
Chris
CT
> It was never a problem up to £35,000 previously, and £50,000 as
> recently updated. It was potentially a hyoooge problem for people
> who had >£50,000.
Agreed. Even if I'd had >£50,000 in any one account prior to the
current crisis, I'd have split it up PDQ as soon as it was known what
was happening. However, I've only had this money since August.
> Hard-hearetd though it is, I think it's wrong for
> the UK to be indemnifying people stupid enough to put very large sums
> at risk in dodgy banks in dodgy countries, for the sake of a
> fractionally better rate; not least because £1bn over there reduces
> by £1bn the capital ratios for banks over here - thus compounding the
> crisis. As others have said here about tempting offers that have
> nothing to do with banks: "If it appears too good to be true, it
> probably is." I refer back to:
>
>
http://groups.google.co.uk/group/uk.rec.motorcycles/browse_thread/thread/92411aa20164cf60/0c7412c016b8aed5?hl=en&lnk=st&q=#0c7412c016b8aed5
Look, you were right OK? What do you want - a medal?
Both my SO and I have accounts with KE (now ING) but since neither
account is >£50,000 it was always going to be 100% covered by the FSCS
and is now covered by the Dutch system. I can't see me needing access
to it in the next 6-12 months so there's no real problem AFAIAC.
--
Chris
Charlie
"CT" <m...@christrollen.co.uk> wrote in message
news:xn0fw820...@news.individual.net...
>
> Look, you were right OK? What do you want - a medal?
Naaaaaaah, I didn't mean it that way, although I confess that, on
reflection, adding the link *does* look very Des-ish. I simply meant that
the old adage works, in banking just as reliably as in buying crap on eBay.
[1] That is, what I assume to be Des-ish, since I 'took measures' many
months ago.
Fr Jack
>I did exactly the same. I've already got some dosh in BM as well as
>KE/ING.
One thing about BM, though; I've never had to do this:
#Initial Deposit. You must make the opening payment to your
#account with a cheque drawn from your Linked Account and made payable
#to yourself. Your name must be pre-printed on the cheque. Once we
#have made sure the details on the cheque correspond with your Linked
#Account we will pay it into the account. You cannot pay any more
#cheques into the account.
What a fucking palarver!(sp?)
CT
> One thing about BM, though; I've never had to do this:
>
> #Initial Deposit. You must make the opening payment to your
> #account with a cheque drawn from your Linked Account and made payable
> #to yourself. Your name must be pre-printed on the cheque. Once we
> #have made sure the details on the cheque correspond with your Linked
> #Account we will pay it into the account. You cannot pay any more
> #cheques into the account.
>
> What a fucking palarver!(sp?)
It's not exactly difficult. Who are you channelling? TOG?
(actually, as it requires a cheque, obviously not TOG, but YKWIM)
--
Chris
Fr Jack
Having to go to my branch and ask for a cheque to be made out to me
is, frankly, bizarre and delays the whole setup process unnecessarily.
No other bank I've dealt with requires such a weird procedure...
CT
> Having to go to my branch and ask for a cheque to be made out to me
> is, frankly, bizarre and delays the whole setup process unnecessarily.
> No other bank I've dealt with requires such a weird procedure...
You don't have a cheque book?
*shrug*
--
Chris