Page last updated at 11:45 GMT, Wednesday, 8 October 2008 12:45 UK

Depositor's caution over Icesave

Donna and Richard Brook and their son
Donna Brook was seriously injured in a car crash

A woman who fears she will lose 150,000 in an Icelandic bank collapse says she is sceptical her savings have been guaranteed by the UK government.

Donna Brook from Blaenavon, south Wales, has some 200,000 in an Icesave account, money from compensation for a car crash in which she was injured.

Mrs Brook, who has since found it difficult to work, was devastated when Icesave's parent bank went insolvent.

Chancellor Alistair Darling announced the Icesave deal on Wednesday.

He told the BBC all UK savers with accounts in the closed bank would get all their money back.

"We guarantee that no depositor will lose any money as a result of the closure of Icesave," said a Treasury spokesman.

Icesave account holder Donna Brook on the UK government guarantee

The collapse of Landsbanki, Icesave's parent company, had left Mrs Brook and other UK savers in limbo.

She and husband Richard had first heard about the financial troubles at Landsbanki on Sunday night and spent two hours on the internet trying to transfer her money out of Icesave.

They found out on Tuesday that the transfer had not been made and believed only 50,000 of their savings could be guaranteed under normal compensation arrangements for insolvent banks.

They welcomed the UK government's guarantee on 100% of their savings with caution.

"I will believe it when it happens," said Mr Brook, who works as an industrial chemist.

"Whatever happens I am sure there will be a big timescale involved.

"Often with the government they say one thing and they mean another.

"There is still no information available from Icesave, so we're still none the wiser.

"Our biggest hope is that someone comes in like a big bank like ING and buys Icesave."

Civil case

Mrs Brook, who has a three-year-old son, was in a coma for a week and is still being treated privately for injuries sustained in the crash on the Heads of the Valleys road near Hirwaun eight years ago.

It took another four years for her civil case to finish.

She has since had six operations on her leg and last year alone she spent around 11,000 on operations.

She previously worked as a HR administrative assistant for LG Electronics but since the crash Mr Brook said his wife had struggled to cope with the stress of a similar job.

"That money is there because my wife might never work again," said Mr Brook.

"She was drawing a small salary from the interest on that money but now we don't know when we'll get another payment."

Extra help for Icesave customers
08 Oct 08 |  Business
Rescue plan for two banks' savers
08 Oct 08 |  Business

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