investco

markbsac

hi

i am thinking of investing a large sum of money with investec after reading martins savings advice its a 12 month locked account/investment.;..can anybody reccomend this..they are calling me in the morning to discuss my investment.

thanks in advance mark

Superscrooge

I'm certain Martin has not advised anyone to invest in investec.

Looking at their website their charges seem high. They give an example of an annual fee of £2850 on a £200k portfolio

ColdIron

I've never heard of Investco but Investec do both savings and investments. I think you mean open a fixed term savings account with Investec. They are easy to deal with and have full FSCS protection

xylophone

I'm certain Martin has not advised anyone to invest in investec.

Does the OP mean the one year fix Saving Account @1.9%?

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest
under The best one-year fixed rates

xylophone

a large sum of money with investec

FSCS protection only up to £85,000.

jimjames

markbsac wrote: »

hi

i am thinking of investing a large sum of money with investec after reading martins savings advice its a 12 month locked account/investment.;..can anybody reccomend this..they are calling me in the morning to discuss my investment.

thanks in advance mark

If they are calling you to discuss your investment I'd get prepared to run a mile. Before you do anything make sure you know EXACTLY what you are putting money into and who you are dealing with as the names here don't match. I find it hard to believe a bank would call you to discuss investment unless it's actually an appointment with full advice

markbsac

it is investec its a 12 months locked account at 1.9%

markbsac

Superscrooge wrote: »

I'm certain Martin has not advised anyone to invest in investec.

Looking at their website their charges seem high. They give an example of an annual fee of £2850 on a £200k portfolio

no martin has not but its one if the ones he has put on his site as an option

markbsac

xylophone wrote: »

Does the OP mean the one year fix Saving Account @1.9%?

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest
under The best one-year fixed rates

yes thats the one

markbsac

jimjames wrote: »

If they are calling you to discuss your investment I'd get prepared to run a mile. Before you do anything make sure you know EXACTLY what you are putting money into and who you are dealing with as the names here don't match. I find it hard to believe a bank would call you to discuss investment unless it's actually an appointment with full advice

i contacted them in the first instance not the other way around after reading about them on martins savings bit on his site

markbsac

xylophone wrote: »

FSCS protection only up to £85,000.

not far off that amount