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One Year Fixed Bond - First Save

I have just read that First Save are offering 3.65% for a one year Fixed Rate Bond. I have less than £50,000 to invest. Any views on the safety of this Bank?

Comments

  • D1zzy
    D1zzy Posts: 1,500 Forumite
    emily2ton wrote: »
    I have just read that First Save are offering 3.65% for a one year Fixed Rate Bond. I have less than £50,000 to invest. Any views on the safety of this Bank?
    Nigeria !!! ( got the usual 50K guarantee, but I'd have concerns about personal info & those Nigerian Phishers)- how about 3.75% with Raphaels bank - leafy Bucks :)
  • LardyCake
    LardyCake Posts: 290 Forumite
    Part of the Furniture 100 Posts
    You are covered by the FSCS £50,000 protection so your money is as safe as anywhere else covered by that scheme. All the administration is done in Newcastle in the UK in case you are worried about the safety of your personal data being handled offshore, so perhaps safer than some high street banks that use offshore call centres.
  • Yes good point. Thanks for letting me know.
  • GetRealBabe
    GetRealBabe Posts: 2,258 Forumite
    Tenth Anniversary 1,000 Posts Photogenic
    Friend had a one year bond. It matured last year and all monies paid into nominated account on the maturity date.
    Sealed Pot Challenge No 089-Finally got a signature.:rotfl::j

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