Approximately 88% of Icesave customers have completed the process for compensation from the FSCS, following the closure of their internet bank.
However, 24,000 people have not yet transacted out of the 198,219 customers eligible to use the scheme. FSCS is urging individuals to complete the online process and claim their compensation as soon as possible. About £3.2bn has been paid to depositors UK Icesave customers following emails sent to all eligible for compensation on 30 November. Furthermore, some fixed rate savings account holders with combined deposits of £650m have elected to be paid compensation at maturity. FSCS' online process will remain active until 30 December, after which UK customers of the bank who have not clai...
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