ISG advisory Services

etcomehome

I am looking for somewhere to put £20,000 to get a reasonable rate of annual interest as my current bankers Santander has reduced the ROI to 0.6% on the 1,2,3, account.  I found a company called ISG that seem to be offering much, much higher levels of interest than any I have seen on the market for savings accounts, starting at 2.6% for a one year account with one month notice for withdrawals.  I follow the philosophy that if something looks too good to be true it probably isnt and there will be a catch.  I can't find any customer review sites that review the company so was wondering if anyone has any comments about this?  Thank you.  

milton1970

Don’t do it ..

etcomehome

Can you elaborate?

Mr.Saver

Is it a fixed rate savings account or an investment? If it's a savings account, is the company FCA regulated? Is your savings FSCS protected?
If an answer to any of the question is "no", don't touch it.

ColdIron

The rate is not credible. These things fall into one of two categories

1. Unregulated investment products or mini bonds where there is the risk of 100% loss of capital
2. Outright scams

Post a link. Did you see it on Facebook or Google? That's where they usually turn up. Avoid

etcomehome

See screenshot

Albermarle

If you go to the usual legit comparison sites which only display accounts fully covered by the £85K FCSC compensation , the best rate for a one year bond is 1.5% , so that tells you all you need to know .

ColdIron

Website registered 170 days ago. Serviced office shared by 44 other companies. Does not appear under that name on the FCA register (so not covered by the FSCS). The only active link is one that gathers your data, all other links lead to the home page etc etc

Rather you than me

ratechaser

Amazes me really that people continue to ask these questions!

Better than some websites I've seen to be fair, but then it is shiny and new, only designed in 2020...

What's worrying is that you can't even get a decent rate from scammers now. I despair...

bowlhead99

Effectively it's an unregulated consulting group (as Coldiron said, registered their web domain last November)

They offer a 'completely free NO obligation consultation service. We only earn our commissions after a succesful refferal has been made.'
Though they are unable to correctly spell 'successful' or 'referral'.  In the footer at the bottom of the page, the 'disclaimer' link is dead and just redirects back to the same page. 

As reputable companies to help you find all the decent paying savings accounts are in abundance (moneysupermarket, comparethemarket, which, gocompare, moneyfacts, thisismoney, this site you're on now, etc) there is simply no need to chase for a better rate with an unregulated website that wants you to enter your personal details so that they can get you on a sucker's list and sell you all manner of commission-based products. 

Mr.Saver

Tell me, does those screenshots below make the high interest savings account looks suspicious to you?