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Castle Trust
redmalc
Posts: 1,436 Forumite
Just had a mail,one year bond 2.25%, sounds good to me unless someone tells me other wise.
Comments Pleas
Comments Pleas
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Comments
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They are not a deposit product. They are an investment product. FSCS protection is different.
There are also concerns over whether you would actually get FSCS protection or not. Some other products with market counterparties that went insolvent did not get FSCS protection unless it was distributed through an advice channel (in those cases, the adviser firm was liable)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 -
Risk of losing all your capital for a measly 2.25%. Sounds pretty dismal to me.0
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Some fixed rate savings bonds listed here (with FSCS protection):
http://moneyfacts.co.uk/savings/fixed-rate-bonds/
edit: Most on that list are covered by the FSCS, though there are a few which operate in the UK under the European Economic Area (EEA) passport scheme - you can click on 'Details' to see what type of protection they offer.Never let the perfume of the premium overpower the odour of the risk0 -
Just had a mail,one year bond 2.25%, sounds good to me unless someone tells me other wise.
Comments Pleas
If you're prepared for investments loss would it not be better to use a standard investment inside a S&S ISA so you know you are fully FSCS protected?Remember the saying: if it looks too good to be true it almost certainly is.0
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