changing an account to Sterling or US Dollars (Investec)

[ianof]

Guys

I have an Investec account (12 months fixed account) which has matured.

I now need to decide what to do with my savings here.

I can clearly go for another 12 months with Investec at a rate of 3%

However Investec seems to also have an option to covert the account to a sterling account which pays 1.75% for 12 months or a US dollar account which pays 1% for 12 months.

Obviously there is a risk regarding currency movement but what it the current thinking regarding opening a US dollars account (to protect against euro issues).

Regards

Ian

 

[farmerette]

Guys

I have an Investec account (12 months fixed account) which has matured.

I now need to decide what to do with my savings here.

I can clearly go for another 12 months with Investec at a rate of 3%

However Investec seems to also have an option to covert the account to a sterling account which pays 1.75% for 12 months or a US dollar account which pays 1% for 12 months.

Obviously there is a risk regarding currency movement but what it the current thinking regarding opening a US dollars account (to protect against euro issues).

Regards

Ian

were the eurozone not engulfed by the irish crisis , i would have said , put it in sterling most definatley as the dollar has been weak for the past number of years , sterling has been weak too but not the same degree ,however , the uk is not only reliant on europe , british banks are extremley exposed to irish debt and were we to go down , the pound would be bound to take a hit

the dollar has had a great week off the back of the eurozone crisis and could be set for something of a rally