Investec Lump Sum Market Leader - Are they Safe?

J

jimlyons97

Guest
I am about to invest €30,000 in a 12 month fixed term lump sum account and I see that Investec are currently the market leaders with a rate of 5.6%.

Does anyone know how safe Investec are?

Am I better off to go with a rate of 5.4% with EBS or First Active?

Here is an article about their new rate in the Indo.

Here is a link to Investecs website:[broken link removed]

Thanks in anvance.
 
Investec are mentioned in this key topic:



Their website doesn't seem to have any details about the one year fixed term account with the 5.6% gross CAR rate. At least I can't find any info.
 
Thanks for your help ClubMan.

I noticed it wasn't on their website alright, I had to call them up to get confirmation of the rates quoted in the Independent article.

So would you be inclined to deal with them?
 
If they are covered by the UK FSA depositor protection scheme then the guarantees are better than the Irish scheme. I have no idea about them generally or their credit rating etc. I would check all of this out before committing to them myself.
 
Check their credit rating on the investor section of the Investec plc web site (parent company).

They dont seem to have S&P ratings but do have Fitch and others.
 
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