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Bank In the News (Click to read the full story)
Bank Deposit Rates and Compensation Schemes
This area of the website holds information on banking news, current bank interest rates and compensation packages should your bank be unable to meet it's financial obligations.
We provide this information to ensure members are up-to-date with their banks current compensation allowance and policies. It is historic fact that during 2007 – 2010 there were a large number of failed banks worldwide.
Please click here to view the full failed bank list
That being the case, members are warned to always be aware of the compensation schemes available from their banks and also the limitations of these compensation schemes to avoid losing your cash deposits.
High risk investments are acceptable for those who are aware of the risks associated with operating in this category. The limitations of bank compensation schemes can mean that bank deposits can easily become a high risk deposit yielding very low risk returns.
To read what our members have to say about the RIO club, click here.
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