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  1. #11
    HB
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    Moderator HB will become famous soon enough
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    Quote Originally Posted by Zanshin
    Still a good possibility that if you have less than £16k
    how?
    Sterling Forever.

  2. #12
    Contributor Zanshin
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    Quote Originally Posted by HB
    Quote Originally Posted by Zanshin
    Still a good possibility that if you have less than £16k
    how?
    The Icesave accounts are meant to be protected by the Icelandic Depositors' and Investors' Guarantee Fund (IDIGF), up to £16,300 then by the UK FSCS to the £50,000 limit.

    There is concern regarding the Icelandic Government defaulting on their guarantees to UK savers and the FSCS not getting involved in any amounts below the IDIGF limit.

    It has also been reported that Icelandic compensation scheme only has £88 million in the kitty to cover deposits totalling £13 billion

    So it's all just wait and see for the moment.

    With the few quid I have left I'm going to the pub

  3. #13
    Contributor bilbo
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    In theory, all UK savers are due to receive compensation. In practice, the whole process of claiming looks like it could be messy and a long drawn out process involving an anxious wait.
    Already, the Icesave site is down, supposedly due to technical difficulties. That in itself seems to be the first in a series of forthcoming lies. The helpline is also down. Claiming from a foreign protection scheme which has limited funds, based in a country of 300,000 people whose whole economy is under severe strain, looks like being a frustrating experience. Hope you weren't hanging on to the Bradford & Bingley shares, either.

  4. #14
    Contributor bilbo
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    At this present moment, the Dutch site continues to be up and running. Savers in the Netherlands can access funds. http:www.icesave.nl
    Click on "inloggen online"

    Worth a try.

  5. #15
    Contributor bilbo
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  6. #16
    Contributor bilbo
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    Deposits around the £4.5 billion mark. Compensation would run to 60% of Iceland's annual GDP. An announcement has been made that compensation will be in Icelandic currency, the krona, which has taken a massive hit on the currency markets in the last few days. £16,000 equated to 21,000 krona, and this is the limit set for the IDIFG. What's 21k krona worth now?

  7. #17
    Contributor bilbo
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    The collapse in the Icelandic krona means that 21k of krona is presently worth £96. Alarm bells or what. Can Sky News be made aware of these developments.....

  8. #18
    Contributor bilbo
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    Alternatively if they pay out the full £16k, get set to receive three and a half million krona. Shades of 1930s Germany and wheelbarrows?

  9. #19
    JL
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    Quote Originally Posted by bilbo
    An announcement has been made that compensation will be in Icelandic currency
    Do you have a link?

  10. #20
    Rpoints Elite Brucey has a spectacular aura about Brucey has a spectacular aura about Brucey has a spectacular aura about
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    Quote Originally Posted by bilbo
    The collapse in the Icelandic krona means that 21k of krona is presently worth £96. Alarm bells or what. Can Sky News be made aware of these developments.....
    Are you sure you are not confusing that with €20,887, which is £16,187.24 (Google).


 

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