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£35k guarantee

Retiree_2
Retiree_2 Posts: 3 Newbie
in Savings & investments
Can anyone out there tell me if fixed rate bonds (eg Stroud and Swindon issue 57) are covered by the FSCS £35k gaurantee. All the bumf I have seen refers to savings and savings accounts. Are bonds savings accounts?

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Savings accounts are often described as 'bonds' by the provider. These would be covered by the £35k.

    A 'bond' is not necessarily a savings account though and may be protected by a different compensation scheme, based on what the actual investment is.
  • Retiree_2
    Retiree_2 Posts: 3 Newbie
    Good stuff, I feel better now.

    Does this also apply to foreign banks such as Kaupthing Edge and ICICI
  • dunstonh
    dunstonh Posts: 121,292 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    It feels a bit like groundhog day here.
    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.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    dunstonh wrote: »
    It feels a bit like groundhog today here.
    "Time for bed" said Zebedee.
  • Retiree_2
    Retiree_2 Posts: 3 Newbie
    dunstonh wrote: »
    It feels a bit like groundhog today here.
    Very helpfull.
This discussion has been closed.
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