How safe is our fixed term deposit with Suncorp?
October 9, 2008 by Josie Kay · 3 Comments
Q. How safe is our fixed term deposit of $260,000 with Suncorp that we have deposited for 3 years? I have heard a few rumours that Suncorp could be sold and wonder how safe are our funds a) if suncorp is not sold and b) if suncorp is sold. My husband and I are both now retired and wanted to be sure of our investment.
Josie’s answer: Lots of rumours flying around at the moment that Suncorp will be gobbled up by the Commonwealth Bank or ANZ. CBA have already pounced on Bank West.
Oh the poor banks they really seem to be really suffering at the moment (with my tongue firmly in my cheek!). Suncorp are a second tier bank, which means they don’t have the same rating as the big four i.e. Commonwealth, ANZ, NAB and Westpac. Read more
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