Fixed 2 year Savings Accounts, Who to trust?

Fragglekin

I recently opened an account with JN Bank following the information from Money Saving Expert.

I've not transferred any funds in yet as afterwards i saw some reviews about peoples money going missing.

I have looked on here MSE today and for a similar savings rate it says Kent Reliance Via Flagstone, are these any better? Can these be trusted? 

I've only ever used High Street banks and NS&I

Thanks

Daliah

Any account which comes with FSCS protection is safe.

However, with inflation galloping ahead, your money will lose buying power in savings accounts.

masonic

Standard procedure would be to check the Financial Services Register for the company: https://register.fca.org.uk/s/

Any firm offering savings accounts should have the Accepting Deposits permission under Banking.

You should use the website listed in the Firm Details to ensure you are visiting the genuine website.

eskbanker

Fragglekin said:

i saw some reviews about peoples money going missing

On here there's usually widespread scepticism about the reliability of review sites, but JN Bank actually tops the category rankings at https://uk.trustpilot.com/categories/bank, so if you choose to be influenced by reviews then it's all downhill from there!

Bigwheels1111

Kent reliance are ok, but don’t know about flagstone. I use raisin and flagstone are the same thing.
I needed to invest in 3 separate savings accounts this year, due to fscs protection limits.
2 days into my search chase came up with 1.5%, great 1 sorted.
Need 2 more and I’m happy to fix for 2 years.
One will be Tandem at 2.1%
not sure on third one.
But have a month or two for rates to move hopefully upwards.