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Close Brothers?
Alpine_Star
Posts: 1,383 Forumite
I already have a couple of fixed rate bonds with Close Bros and am considering a 5 year ISA with them - they currently have the best rate.
I'm a bit concerned about their potential massive exposure in the car financing case.
I realise that the total I would have with them would fall within the £85k Financial Services Compensation Scheme net but I would not want to have to go through what might be a cumbersome and slow process if the worst happened.
Am I being overly cautious?
I'm a bit concerned about their potential massive exposure in the car financing case.
I realise that the total I would have with them would fall within the £85k Financial Services Compensation Scheme net but I would not want to have to go through what might be a cumbersome and slow process if the worst happened.
Am I being overly cautious?
0
Comments
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No i think you are right to be cautious..there have been enough warnings on the MSE site about them and how the compensation scheme could heavily impact them.I noted the same cash isa but have decided to stick with UBL and take up their current 5 year fixed cash isa deal.1
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