I understand the frustration of Latestmug, a lot of people will be angry and that anger will be directed at Icesave and others. Moneysupermarket endeavours to compare the whole market. Our spokespeople frequently recommend keeping savings balances up the safety limit, in articles on the site and in our Rate Alerts, provided by the Financial Services Compensation Scheme and I hope Latestmug will not lose any money.

We already know that getting through to the FSCS is a nightmare. We'll do our best to keep users up to date.