'What about my Icesave money?' We answer your questions

Since Icelandic internet bank Icesave went bust last week we have been inundated with questions from savers whose money is trapped. Here, we tackle the most common queries: What has happened to my account? It is frozen. You cannot make any deposits or withdrawals. The Financial Services Compensation Scheme (FSCS) is in charge and will deal with compensation claims. So what next? The FSCS is compiling a list of names and addresses of UK Icesave customers. It is hoped this will also include details of how much customers have in their accounts. Once it has this information, it will write to you. Keep an eye on its website www.fscs.org.uk, or call its hotline 020 7892 7300. We'll also keep you informed. Frozen: Icesave customers still cannot make deposits or withdrawals When will we hear from the FSCS? It is not yet clear. That... [read full story]