London Capital & Finance

Kevin125

I have been looking into high interest saving accounts recently and found one with London Capital & Finance;

They offer Fixed Rate bonds with a minimum deposit of £5k and pay 3.8% for a one year bond, 6.5% for a 2 year bond or 8% for a 3 year bond.

I'm cautious, as I wouldn't want to put some money where I may not see it ever again, so my question is;
Is something like this too good to be true, not be trusted and I shouldn't go anywhere near it ?

Am curious how MSE hasn't mentioned it in a recent piece on savings, where it only mentioned Atom Bank paying 2% via an App.

Thanks for reading and would appreciate anyone's views/thoughts on this.

TrustyOven

AVOID!

This has been covered on other MSE forum threads. Did you not search?

https://forums.moneysavingexpert.com/discussion/5346049


https://forums.moneysavingexpert.com/discussion/5602584

https://forums.moneysavingexpert.com/discussion/5599852

https://forums.moneysavingexpert.com/discussion/5582847

https://forums.moneysavingexpert.com/discussion/5582767


AVOID AVOID AVOID

Dammit this company needs to stop advertising to the general public / newbie investors.


Edit:
Here are more threads to help you stay away from them:

https://forums.moneysavingexpert.com/discussion/5577717

https://forums.moneysavingexpert.com/discussion/5576202

https://forums.moneysavingexpert.com/discussion/5490092

https://forums.moneysavingexpert.com/discussion/5556282

https://forums.moneysavingexpert.com/discussion/5541782

https://forums.moneysavingexpert.com/discussion/5522511

https://forums.moneysavingexpert.com/discussion/5501257

https://forums.moneysavingexpert.com/discussion/5484866



2nd edit:
Also.... how did you find that product? It would be useful to know so that other people can take that source with a pinch of salt and to be careful.

Kevin125

Apologies for not finding previous posts and clogging up the forum with yet another post about the same subject, but thanks for the info all the same.