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High interest rate

Ariabetty
Posts: 4 Newbie
Hi,
please help me out and give me some advice as I have no experience in finance and saving matters.
i have been offered investment saving with 8% interest for 2 years fixed by YOUROPTIONS finance advisors to invest my £20000 saving in NORTHERN PROVIDENT LTD company.
I’m not sure if I can trust them or not?
please help me out and give me some advice as I have no experience in finance and saving matters.
i have been offered investment saving with 8% interest for 2 years fixed by YOUROPTIONS finance advisors to invest my £20000 saving in NORTHERN PROVIDENT LTD company.
I’m not sure if I can trust them or not?
Please help me out.
Thank you in advance.
Thank you in advance.
0
Comments
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Its. A. Scam.No, you cannot trust them because they are scammers in one way or another.They'll either steal your money directly or invest it in something with a higher chance of crashing than Richard Hammond.Stop answering Facebook ads or looking on Google for investments.2
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An impossibly high rate. It's a scam. Just walk away and as AJ says, stop using Facebook and Google for financial products
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As above.0
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Definitely a scam.
There is no company by the name of YOUROPTIONS on the FCA register.
NORTHERN PROVIDENT LTD are FCA authorised but they do not offer a fixed 2-year 8% savings product. Nobody has such an offer.
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London Capital and Finance, and Blackmore Bonds, to name but two, also offered inexperienced investors improbably high returns with misleading advertising which implied that their [s]Ponzi scams[/s] very high risk commercial loans were somehow safe or comparable to savings accounts.
You can Google those company names to find out how things ended up for their investors.
There is no reason whatsoever to believe that this one will end any differently.
For avoidance of doubt, if anyone tells you that this "investment" is safe, they will be lying to you. You would be lending the full £20K to a single tiny company whose finances and business model you have no understanding of, and if that company goes bust then nobody is going to bail you out or compensate you.
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Ariabetty said:Hi,
please help me out and give me some advice as I have no experience in finance and saving matters.
i have been offered investment saving with 8% interest for 2 years fixed by YOUROPTIONS finance advisors to invest my £20000 saving in NORTHERN PROVIDENT LTD company.
I’m not sure if I can trust them or not?Please help me out.
Thank you in advance.(Nearly) dunroving0 -
De
.
Now a gainfully employed bassist again - WooHoo!2 -
Run away. You're probably on someone's mug list now, so expect lots more communication from fraudsters in the future. If it sounds to good to be true, it most probably is (some lowlife thieving git trying to steal your cash)."Real knowledge is to know the extent of one's ignorance" - Confucius0
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kinger101 said:Run away. You're probably on someone's mug list now, so expect lots more communication from fraudsters in the future. If it sounds to good to be true, it most probably is (some lowlife thieving git trying to steal your cash).0
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Youroptions appears to be a private limited company with 1 director called Ashley Parkin-Beacher. A quick google search reveals that in the last 10 years he has been involved with 5 other companies all of which have been dissolved. Don’t touch with a barge pole !!1
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