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Advice please
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mtlkh
Posts: 6 Forumite
I’m new to the forum. I need advice on Building Society bond. I want to open a Nationwide Building Society’s one year fixed rate bond account. From information in this site, |I understand that only money in saving account , up 35,000 is protected, but no information on fixed rate bond. Is bond a saving account or an investment one? if it is an investment account, how safe it is?
[FONT="]Many thanks
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[FONT="]Many thanks
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Comments
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It's a fixed rate deposit account ..... simply a Savings account with a fixed rate of interest. No (investment) risk ..... and protected up to the £35k per Institution.If you want to test the depth of the water .........don't use both feet !0
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