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10% -15% per annum fixed term savings

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  • skid112
    skid112 Posts: 373 Forumite
    Part of the Furniture 100 Posts
    no such company listed at companies house, web site is just thrown together ooo can i give you some money?
    Save 12k in 2020 #19 £12,429.06/£14,000
  • cheerfulcat
    cheerfulcat Posts: 3,400 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    andymk, per their illustration the 15 year account pays a little over 8% p/a, not the 15% you and they claim. In any case it is not possible for any savings institution to fix interest for so long at such a high rate. Something wrong here...
  • andymk
    andymk Posts: 20 Forumite
    correct me if I am wrong isn't companies house for LTD companies?
  • cheerfulcat
    cheerfulcat Posts: 3,400 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    They aren't FSA registered either.
  • skid112
    skid112 Posts: 373 Forumite
    Part of the Furniture 100 Posts
    Zark savings is part of Zark, registered in England and Wales reg no 2268428 offering investments and savings
    lifted from the web site.
    As i work in the financial industry, i have taken the liberty of bringing this to the attention of the serious fraud squad and also the FSA. Apologies andymk is you are totally innocent but there are plenty of people already being scammed without adding to them
    I thank you
    Save 12k in 2020 #19 £12,429.06/£14,000
  • andymk
    andymk Posts: 20 Forumite
    i checked all this out before and believe that if they are not using your deposit to directly make returns on your deposit then they don't have to be FSA registered
  • I have to stand up for andymk my parents opened an account with Zark that matured 2 years ago paying them Over £200k.
    I have a 5 year account with them and a 1 year account.
  • tom188
    tom188 Posts: 2,330 Forumite
    The registered number quoted does not exist at companies house.
  • morg_monster
    morg_monster Posts: 2,392 Forumite
    I'm intrigued as to the fact that when you google "zark savings" or "zarksavings", you don't get any returns!!! Real or not, (and suspect the latter) I think they need a new marketing team...
    Interestingly when you do google "zark savings" one of the paid links down the RH side is a link to MSE! Guess its the "savings" bit.
  • tom188
    tom188 Posts: 2,330 Forumite
    gymslim wrote: »
    I have to stand up for andymk my parents opened an account with Zark that matured 2 years ago paying them Over £200k.
    I have a 5 year account with them and a 1 year account.
    A new poster.

    Anyone else getting suspicious...
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