A J Bell

bluecliocar

HI there, hope someone can help. AJ Bell has offered me 4.2% over 2 years bond. It is fully guaranteed by government compensation scheme and guarenteed 4.2% per year. They say I am not buying stocks and shares I just dont understand it, is it genuine is there something im missing as everywhere else I can only get 1% interest. Thanks hope u can help.  

george4064

Sounds like someone is trying to imitate AJ Bell YouInvest, the legitimate company would never randomly offer high rate bonds to people.
How were you contacted with this investment proposition?

wmb194

Definitely a scam. How and where did you find this? AJ Bell is a stockbroker, not a bank or building society, so, even if it existed, any bond will be a corporate bond ie a 'stock' and so it cannot be "fully" guaranteed by the FSCS, which anyway is industry funded and the government has the *option* to lend to it.

Linton

Can you provide more details of the bond please.  4.2%/year is not a believable return for an FSCS guaranteed account. How did you hear about it? Did they contact you or did you contact them?

A J Bell do not offer savings bonds, so either it is a scam and they are just using the company's name or you have not understood what the product is.

Sorcerer2018

AJ Bell don't offer bonds like this, and nobody but a scammer will ever "Guarantee" a return rate. Who is supporting the guarantee, Lloyds of London? somebody else? Since "ALL" bonds have some form of risk, mainly the risk of going bust. 

coyrls

Why do you think "AJ Bell" would pick you out of the blue for such an offer?  I suspect that it wasn't out of the blue and that it was a result of you supplying information to a dodgy website through something like Facebook or Google. If so be prepared for more fictitious "opportunities" to appear like magic and avoid all of them like the plague.