Icesave’s UK customers should be able to find out on Friday about how they will be able to reclaim their savings. A spokesman from the Financial Services Compensation Scheme has said that Icesave’s UK customers will receive application forms for compensation for their lost savings in the next week.

Icesave’s UK customers should have received the first €20,887 from the Icelandic compensation scheme with the Financial Services Compensation Scheme topping up the rest to £50,000 per person per institution. However, Alistair Darling has said that the UK Authorities would guarantee all savings for Icesave’s UK customers. It’s also likely that Icesaver’s UK customers will only have to complete one compensation form to reclaim their lost savings