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SAGA Equity Bond

My one year 60K fixed Saga Bond ends on Oct 3rd. I have been offered a Saga one year Guarenteed Equity Bond tied to the FTSE 100 index with the "potential" fixed return of 8.20% gross/AER. Too risky or a good deal?

Comments

  • dunstonh
    dunstonh Posts: 121,283 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Its not risky but the terms are not very good. There are better options (with double digit potential) available on the whole of market.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • wpet99
    wpet99 Posts: 228 Forumite
    Where are these double digit bonds ?
  • dunstonh
    dunstonh Posts: 121,283 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    wpet99 wrote: »
    Where are these double digit bonds ?

    From IFAs and other distribution channels that have access to whole of market.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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