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Castle Trust "Fortress Bonds"
P.A.T.
Posts: 8 Forumite
Has anyone looked into investing ion these bonds? They can be ISA bonds and can accept transfers in. They pay a good rate of interest.
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Comments
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Use the search function for "fortress". There's 4 other threads on it. All advising they may not be quite what you think they are.0
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They pay a good rate of interest.
Which is relative the risks being taken. 100% loss of capital is a possibility.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.0 -
Has anyone looked into investing ion these bonds? They can be ISA bonds and can accept transfers in. They pay a good rate of interest.
You can get 4% investing in equity income funds using an ISA with more security than buying one of these bonds.
I assume you're aware that this is an investment not a savings account so you could lose all your money.
I know which I'd prefer.Remember the saying: if it looks too good to be true it almost certainly is.0 -
As a psychological experiment, imagine the words Castle Trust Fortress Bonds were actually New Mortgage-Providing Company Fund-Raising Loans.I am one of the Dogs of the Index.0
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Just had a quick look at the website.
I note that they will pay 4.5% over three years, and 80% of the money goes into mortgages.
Given a typical best buy mortgage right now pays 1.5-3.5% depending on fix, LTV etc...
Do the math, as they say.0 -
ChesterDog wrote: »As a psychological experiment, imagine the words Castle Trust Fortress Bonds were actually New Mortgage-Providing Company Fund-Raising Loans.
Yes, I've said elsewhere that I think the words used are probably designed to mislead. Trust and Fortress are words that give a very different impression implying a level of security that doesn't exist.Remember the saying: if it looks too good to be true it almost certainly is.0
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