Icesave have been having serious problems, they have now had to tell customers that they will probably have to claim compensation for money held in their saving accounts that they have lost. Claims from Icesave's UK customers will be handled by the Financial Services Compensation Scheme.
"We are gearing up to be ready to do whatever we can in order to get compensation back to UK savers as quickly as possible," said a FSCS spokesmen.
Currently Icesavers are not letting people take money out of their accounts, or put in deposits.
On Monday Icelandic government passed emergency legislation to try to rescue the country's banking system.
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