Investec 18month - 6.85%

A good rate (5% clear after DIRT taken off), but for Investec you generally have to have a minimum of €20,000 to put away.
 
At 4.52% it's a good rate.

But please don't quote it as "6.85%". It's the AER figure that matters. It's bad enough that the banks are allowed to get away with this kind of misleading advertising; we shouldn't encourage them by following their lead.

I think this thread should probably be renamed.

(end of rant)
 
I got 25.25 from ebs today for 5 years was about to move to ptsb but ebs gave me that rate to stay with them so it pays to ask
 
mcriot29 said:
I got 25.25 from ebs today for 5 years was about to move to ptsb but ebs gave me that rate to stay with them so it pays to ask
Click to expand...
What's the AER? And this rate is a special not advertised on their website as far as I can see? I agree about asking/haggling.
 
Hey no its not on there website they said they would give me it as i was going to put into ptsb which is 25 percent gross over 5 years so ebs beat there offer.
To keep my funds with them so i got 25.25 gross over 5 years work the AER is just over 5 percent
 
Hey they said ill get just over 5 percent a year there paying me by the month into current account its 25.25 gross over 5 years
 
mcriot29 said:
I got 25.25 from ebs today for 5 years was about to move to ptsb but ebs gave me that rate to stay with them so it pays to ask
Click to expand...

Fair play to you for getting a non-advertised rate. This is becoming more and more common with deposits in Irish banks.

Were you happy to lock your money away in EUR for 5 years with EBS?
 
"they said ill get just over 5 percent a year"

Sounds like they were being dishonest.
 
Yes, they were. All deposit rates should be quoted using AER and nothing else. Gross rates are highly misleading.
 
I went by the amount i get per month which when i work out comes to 5 percent gross per year so im happy as rates will go down and for the next 5 years ill have a good rate
 
I will call them monday maybe aer will be 4.61 but the money im getting per month comes to the 5 percent rate over the year i will find out
 
Can you still "walk in" to the Investec office in Harcourt St. and open an account? I don't seem to see this service available or advertised?
 
mcriot29 said:
I will call them monday maybe aer will be 4.61 but the money im getting per month comes to the 5 percent rate over the year i will find out
Click to expand...

Do you get paid monthly with this account? I thought Investec only pay on maturity date?

As ClubMan says, the rate is not 5%.
 
You can still walk in but always better to make an appointment, I've done both, I was wondering how mcriot got on when he queried, I have funds maturing shortly and the idea of 5% gross payable monthly to my account over 5 years is pretty enticing, sounds unrealistic tho'...any updates ?
 
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