We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Malta Depositor Compensation Scheme??

ar_2015 · 2015-01-30 11:03:20

Hi, I am interested in investing a sum of money into Agri Bank. For a 3 year fixed rate bond the interest rate (gross: 2.7%) looks relatively good compared to other products available on the market. However, the money is secured under the Malta Depositor Compensation Scheme as opposed to the FSCS. Can the Malta Depositor…

Comments

Ifts Posts: 1,960 Forumite

18 February 2015 at 3:42AM

qbs wrote: »

It's easy to see how tempting Agri Bank can become, but I don't think I'll bother.

The next 3 year fixed rate bond (Close Brothers Savings) on this list pays 0.2% less than what Agri Bank is offering on a 3 year fix: http://moneyfacts.co.uk/savings/fixed-rate-bonds/

Close Brothers Savings is a member of the Financial Services Compensation scheme.

Never let the perfume of the premium overpower the odour of the risk

0