I note from the first e-mail from the FSCS that Icesave savers will be able to transfer their cash into their linked accounts very soon.
Savers will be paid interest up to the date that Landsbanki went into administration (10th October). This means that the majority will lose at least one month's interest on their money.
Icesave savers who have fixed term accounts, however, can leave their money with Icesave until the maturity date and will then be paid full interest right up to that date. They will not lose any interest at all. This seems a little unfair!
Ret.