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**rubadub** · 25-01-2006, 17:17

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?

gibo_ie · 25-01-2006, 17:20

how about something like RaboDirect where you get 3.2% interest while you decide!! simple to set up and use.

CCOVICH · 25-01-2006, 18:04

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.

**rubadub** · 26-01-2006, 09:35

Quote:

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

CCOVICH · 28-01-2006, 12:15

If you have over €1000 to put on deposit, Northern Rock pay 3.25%, slightly more than Rabo.

Hitchhiker's Guide to... · 28-01-2006, 16:08

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...

RainyDay · 11-02-2006, 08:54

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?

25-01-2006, 17:17	#1
rubadub Moderator Join Date: Jul 2002 Location: Outside the box Posts: 19,437 Adverts \| Friends Mod: Nutrition & Diet, Online Buying & Auctions	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 Registered User Join Date: Dec 2003 Posts: 734 Adverts \| Friends	how about something like RaboDirect where you get 3.2% interest while you decide!! simple to set up and use.

28-01-2006, 12:15	#5
CCOVICH Registered User Join Date: Jul 2005 Location: T�r Chonaill Ab� Posts: 236 Adverts \| Friends	If you have over €1000 to put on deposit, Northern Rock pay 3.25%, slightly more than Rabo.