Savers with cash frozen in accounts with the UK branch of Icesave will get back their savings through a fast-track refund scheme. Payments are expected to begin in the first two weeks of November. Although the plan has yet to be finalised, it is expected that payments will be made electronically into other accounts. This will happen in stages and the Financial Services Compensation Scheme (FSCS) will write to all ‘retail depositors’ to explain how the process will work.
Archive for the ‘US Property’ Category
Icesave savers to get fast-track refunds
Saturday, October 25th, 2008Hope for US property market
Thursday, December 6th, 2007Reports on the US mortgage applications for last week showed a surge of 22.5% on the back of plunging interest rates. Let hope that the US economy may not go into recession after all. I’m a possitive thinker. As the say, when America sneeze, the UK catches a cold. Let hope that does happen.
