Investec Deposits

Re: Fixed Term Lump Sum Deposits

I had one with them for 6 months and had no problems at all.
I moved the money when better rates became available.
 
They sent me a Christmas Pressie of the Zest Cookbook this year.

[broken link removed]

However when my account matures I will be moving it if the rate is not good enough.
 
My experience with them is excellent. Had a few accounts with them which matured with no problems. Opened further term accounts with them because their rates were best at the time. However, will only deal with them as long as their rates are the best.
 
Good luck finding a better term deposit rate than Investec.

Best Buys - Highest Term Deposit Rates

5 Months - EBS - 3.28%
6 Months - Investec - 3.28%
9 Months - Investec - 3.52%
1 Year - Investec & Anglo Irish Bank - 3.50%
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I've had a couple of short term fixed rate deposit accounts with them, and found them good to deal with - same as any other major financial institutiion. Deposits are covered up to 50,000 sterling for single accounts and 100,000 for joint accounts under the UK deposit protection scheme.
 
Nope, only Rabo and Northern Rock have AAA rated parents.

Fitch have rated Investec 'BBB'.

http://www.bloomberg.com/apps/news?pid=20601116&sid=aoGJAhM7Yfvc

Dec. 14 (Bloomberg) -- Investec Ltd. and its unit Investec Bank Ltd. had their long-term foreign-currency issuer default ratings downgraded to BBB from BBB+ by Fitch Ratings.

The outlook on both ratings is stable, Fitch said.

“The downgrades reflect the difficult operating environment and worsening credit conditions in South Africa, which have impacted the financial performance and asset quality indicators of Investec Bank and Investec Ltd., Fitch said in a statemen today.”
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Just passing by...........


Fungus, Happy New Year and thanks for all your work in keeping us up to date on savings and deposits etc. It has been and continues to be so helpful to me.

Justsally
 
Society said:
Has anyone got a deposit account with investec, how do they find them?
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Latest results.


JOHANNESBURG, Jan 29 (Reuters) - Investec Ltd:
SAYS 9-MONTH NET OPERATING INCOME UP BY 1%
SAYS DEFAULTS AND IMPAIRMENTS HAVE CONTINUED TO INCREASE IN LINE WITH
previous guidance provided

SAYS CREDIT LOSS CHARGE AS PERCENTAGE OF AVERAGE GROSS CORE LOANS AND
advances amounted to 1.1 percent

SAYS ATTRIBUTABLE EARNINGS REMAIN IN LINE WITH THE PRIOR YEAR
SAYS SINCE 31 MARCH 2009 CORE LOANS AND ADVANCES GREW BY 7% TO GBP17.4
billion

SAYS PACE OF ECONOMIC RECOVERY REMAINS UNCERTAIN, BELIEVES WELL PLACED TO
capitalise on opportunities presented

SHARES DOWN 2.32 PERCENT AFTER INTERIM MANAGEMENT STATEMENT ((Johannesburg newsroom, +27 11 775 3155))
 
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