Deposit [Should I move from Rabo to Investec?]

d8player · 22-11-2011 06:28PM #1

Hi,

I have some money in a Rabo account that is not really earning much. I saw an advert for an Investec account giving 6.85% over 18 months (4.52% AER). Anyone able to comment on these?

Cheers,
D

homer911 · 22-11-2011 07:13PM

A bank offers high deposit rates to attract funding - you would have to ask yourself why they are offering such a high rate and is any possible increased risk acceptable to you

Ranelite · 25-11-2011 12:51PM

The other question would be is Investec safer as it's a South African bank and more removed from Euro collapse?

jimmydkid · 28-11-2011 11:21PM

I had money on deposit with investec in the past and found them very good to deal with, That rate seems a decent enough deal to me

shangri la · 04-12-2011 04:19AM

Any info on the safety of Investec. Have the books been audited/stress tested in the last 2 years?

NIMAN · 04-12-2011 12:18PM

I read a lot about Investec a few years back before I invested some money for 6 months with them.

They are well rated as an investment firm. And the 6 months with them was very smooth and no hassle at all.

shangri la · 05-12-2011 03:54PM

Would any of the ratings agency's cover Investec?

What is their track record in getting their rating correct?

iminireland · 07-12-2011 09:34PM

shangri la wrote: »

Would any of the ratings agency's cover Investec?

What is their track record in getting their rating correct?

Here is a link to the agency ratings which is on Investec's website:

http://www.investec.co.uk/home/investor_relations/credit_rating.tablepopup_pageContent_65419-table.html

Investec deposits in Ireland are covered under the UK Bank Guarantee Scheme to a max of £85,000 STG, this is capped at €100,000. Link with more details below:

http://www.investec.ie/#home/Deposit_Accounts/personal_deposit_accounts/financial_services.html

Deposit [Should I move from Rabo to Investec?]

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