Best fixed rate for lump sum

D

dmylotte

Guest
Generalzod,

I have a lump sum for investment over 18 months... your suggestions...? investec or Anglo?

Thanks

darren
 
Re: Fixed Term Lump Sum Deposits

hi fungus, how comfortable are you with investec. i have 20,000e to put in a account for a least a year maybe two. appreciate any advice you might have
 
Re: Fixed Term Lump Sum Deposits

narkyhead said:
hi fungus, how comfortable are you with investec. i have 20,000e to put in a account for a least a year maybe two. appreciate any advice you might have
Click to expand...

Up to 50,000 GBP (about 57,000 EUR) is guaranteed by the UK Govt.

Here is a recent article about Investec Ireland from The Irish Times ...
[broken link removed]

The company seems to be doing well and your deposit is guaranteed, in my opinion, you have nothing to worry about.
 
dmylotte said:
I have a lump sum for investment over 18 months... your suggestions...? investec or Anglo?
Click to expand...

Certainly not Anglo. They only offer 2% for 12 months.

If you want a branch you can walk into Irish Nationwide currently offer 4.38% AER over 15 months. There's a report here that that rate is going to be ended effectively on Friday.

I'd follow fungus's advice and take the bet that 12 months from now interest rates being offered will have started to creep up again.
 
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