What's the difference?

dec9

What's the difference between a 1yr fixed Cash ISA Bond and a plain 1yr fixed Cash ISA?

gravel_2

Same, just different name.

dunstonh

Bond is a marketing name.  Fixed term deposits are the generic name.  You get a number of variances with marketing names.  Some can be confusing.  Especially the term "bond" which is used for so many different things.

jimjames

Just be very careful. There are some dubious schemes advertised on Facebook and elsewhere that use the word bond for things that are not cash savings accounts but are a different type of ISA called Innovative Finance (IF) ISA that can lose your money. That isn't possible with a normal cash ISA

Albermarle

jimjames said:

Just be very careful. There are some dubious schemes advertised on Facebook and elsewhere that use the word bond for things that are not cash savings accounts but are a different type of ISA called Innovative Finance (IF) ISA that can lose your money. That isn't possible with a normal cash ISA

Bond is sometimes used just to give an 'investment' a veneer of security/stability. These 'investments' can be many things  scams, not just IFISA's,  which for sure are not all scams, but certainly riskier than a cash ISA !