Isa

Andrew_O

Hi, can anyone confirm that London Capital and finance are offering 8% interest over 3 years paying it out quarterly, to good to be true!!!!!

eskbanker

I can "confirm that London Capital and finance are offering 8% interest over 3 years paying it out quarterly", strictly in the sense that that's what their marketing says.

I can also confirm that it is indeed too good to be true if you really think it's a cash-based product that's protected, and this is also confirmed by the small print on their website for those who make it past the seductive headline numbers, so let's show the risk warning in a more visible form:

Investing in the bonds carries significant risk and you may lose part or all of your investment.

If that's not enough to put you off, read through some of the endless threads about it on the savings board, such as this one from earlier this week: https://forums.moneysavingexpert.com/discussion/5851638/8-isa-with-london-capital-and-finance-plc

masonic

Andrew_O wrote: »

Hi, can anyone confirm that London Capital and finance are offering 8% interest over 3 years paying it out quarterly, to good to be true!!!!!

Yes, I can confirm it's too good to be true.