Deposit Enquiry

Hi Guys,
I just need a quick heads up.

I deposited some money last year in a term deposit with EBS, this has just matured now so I would like to put the money away for another 9 months.

EBS rate for 9 months is 3.25 but KBC have a rate of 3.50 AER for 9 months and this is a best buy in
http://www.askaboutmoney.com/showthread.php?t=101813

Now my questions
1. Is this a good time to be locking my money up in a fixed rate. could the varable rates rise ??
2. I never heard of KBC before, are they safe or am I taking on a risk investing with them

Thanks
Reg

regvw said:

Now my questions
1. Is this a good time to be locking my money up in a fixed rate. could the varable rates rise ??
2. I never heard of KBC before, are they safe or am I taking on a risk investing with them

Click to expand...

1) If ECB rates go up this year, most people expect it to be a small increase. Variable rates are a lot lower than fixed rates at the moment.
2) KBC are a large Belgian bank.

Thanks kieran,
They are a large Belgian bank, are they safe though, do I have any guarantee on my money is what I am wondering about

The first 100,000 EUR is state guaranteed.

So if its is state guaranteed, i suppose it is a safe or unsafe as saving in any other irish institution

Am I correct to be worried about putting my money in KBC ??, has anyone else lodged money there???