Kaupthing Edge

[Rags]

Is it wise to stay away from this bank for savings at the moment?

Have read some negative press amongst the heavy advertising....

[Skipppy]

Don't go anywhere near Icelandic finance companies at the moment.

[Rags]

out of interest, is the first £35k covered by the British Government still?

[MrVelox]

It's 50,000 that's covered but only if it's a British based bank I think.

http://www.fool.co.uk/news/your-money/savings/2008...

Read that. Kaupthing is at 6.55, but Anglo Irish is at 6.40 and they are fully insured deposits.

[Rags]

fully insured, upto £50k though?

[barney123]

Rags said:

Is it wise to stay away from this bank for savings at the moment?

Have read some negative press amongst the heavy advertising....

Got a few grand with them, don't seem that bad ?

Quite easy to set up - online management etc.

[Rags]

barney123 said:

Rags said:

Is it wise to stay away from this bank for savings at the moment?

Have read some negative press amongst the heavy advertising....

Got a few grand with them, don't seem that bad ?

Quite easy to set up - online management etc.

Icelandic Banks are best avoided at the moment it seems....

[agentsmith]

http://www.telegraph.co.uk/news/worldnews/europe/i...

50k is guaranteed - even there (as they are FCSC registered here).

[shalmaneser]

It abides by UK banking law so guaranteed.

I've got some cash with them, nice and easy to set up.

If it all goes wrong then it's not the end of the world as long as you don't have £50K+ with them.