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about icesave accounts

Icesave are quite an unknown entity in the UK when it comes to the company who offer very good rates on savings accounts, this must be because Icesave don’t have UK branches, although they do have a call centre in Nottingham and they have a very easy to use website.

Icesave have topped the league tables for the highest percentage in interest for their Icesave Savings Account for many months now. This is good to know that Icesave are not just one of those building societies that offer you a high interest rate on a savings account and then a few months later drop your rate without letting you know.

The thing I also like about Icesave is that once an interest rate increase has been declared by the bank of England they automatically increase their rates the very next day and do not wait until the beginning of the next month to put your savings rates up on your account.

Icesave are an Icelandic bank who launched in the UK in October 2006. Icesave have grown rapidly and they now have over 100,000 savers, with savings exceeding £4 billion.

 

Icesave are part of Landsbanki, which is one of the largest quoted financial services providers in Iceland. Landsbanki have a heritage spanning over 120 years, with international reach with operations in countries including the USA, France, Ireland and the Netherlands. They also have total assets exceeding €30 billion and liquid assets exceeding €10 billion (as at end H1 2007). As well as a liquidity and capital position amongst the strongest of any bank in Europe, strong credit ratings from the leading international ratings agencies - Moody's and Fitch. Another good thing is that they have no exposure, direct or indirect, to the US sub-prime mortgage market, which has affected people like Northern Rock.

Icesave also subscribe to the Banking Code which sets good standards of banking practice for financial institutions to follow when they are dealing with personal customers in the UK. You can also rest assured that with Icesave you are offered the same level of financial protection as every bank in the UK, so your money is safe.

The Icesave Savings Account offers you:

• Consistently high online interest rates
• A unique 4 year rate guarantee
• Movement of your money when it suits you
• No catches or penalties
• Secure online access 24/7
• UK call centre for any queries
• Monthly or annual interest - you choose

The Icesave Savings Account is designed to be operated purely online.

When you open an Icesave account you'll be asked to set up a Direct Debit to your bank account. This will set up a link between your Icesave account and your bank account. The link enables you to move money between your bank account and your Icesave account at icesave.co.uk whenever you choose.

The Icesave sign up process is really easy and you will receive a welcome pack a few days after signing up. All you have to do is open your account with a minimum of £250. Are you ready to sign up to Icesave now?

Open an Icesave Savings Account here.

Related Sites of Interest

Capital One Savings
Icesave Savings Account
Alliance and Leicester Direct Saver