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25-01-2006, 17:17   #1
rubadub
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Is it safe to have a large balance in your c/c account

Is it safe to have a large balance in your c/c account? or could it be wiped out. i.e. I have a few grand in the current account on which I used to get interest. I am still deciding where to put it (investment wise), but in my c/c account I get 2% interest. Is there any reason not to transfer it to there at the moment?
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25-01-2006, 17:20   #2
gibo_ie
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how about something like RaboDirect where you get 3.2% interest while you decide!! simple to set up and use.
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25-01-2006, 18:04   #3
CCOVICH
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Quote:
Originally Posted by rubadub
Is it safe to have a large balance in your c/c account? or could it be wiped out. i.e. I have a few grand in the current account on which I used to get interest. I am still deciding where to put it (investment wise), but in my c/c account I get 2% interest. Is there any reason not to transfer it to there at the moment?
AFAIK (may differ between card providers) you are not covered if there are fraudulent transactions on the account while it is in credit, i.e. you are liable and not the bank.
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26-01-2006, 09:35   #4
rubadub
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Originally Posted by gibo_ie
how about something like RaboDirect where you get 3.2% interest while you decide!! simple to set up and use.
thanks, heard the name but never knew what they were
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28-01-2006, 12:15   #5
CCOVICH
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If you have over €1000 to put on deposit, Northern Rock pay 3.25%, slightly more than Rabo.
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28-01-2006, 16:08   #6
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Quote:
Originally Posted by CCOVICH
AFAIK (may differ between card providers) you are not covered if there are fraudulent transactions on the account while it is in credit, i.e. you are liable and not the bank.
really - is this true? That's a disgrace if so...
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11-02-2006, 08:54   #7
RainyDay
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Quote:
Originally Posted by rubadub
Is it safe to have a large balance in your c/c account? or could it be wiped out. i.e. I have a few grand in the current account on which I used to get interest. I am still deciding where to put it (investment wise), but in my c/c account I get 2% interest. Is there any reason not to transfer it to there at the moment?
Which credit card provider is paying interest on credit balances? Will you really have much of a credit balance? If you spend €1k per month on your card, will this come off your balance when calculating the interest?
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