Fixed Rate Bonds - 7.10% Firstsave for 1 year and general trends

Froglet

isofa wrote: »

The reason I'd avoid the aforementioned is due to to all sorts of morality factors, including human rights abuses and corruption. I guess as a monetary risk as long as you are within the FSA limit you'll be 100% safe, still not one for me.

Good to see people with principles over slightly higher rates.I would not touch Icelandic institutions with a bargepole,now they have started commercial whaling,even if they were 2% higher .

moneylover

isofa wrote: »

At the bottom of their homepage it says: "FirstSave is provided by FBN Bank (UK) Ltd, authorised and regulated by the FSA" I'm not sure if that means they are covered though...

I always refer to the table of compensation schemes and the equally useful table of which savings providers count as one financial institution on MSE here

LardyCake

So they are covered by the FSCS according to Martins table, thank you.

@isofa: Could you expand on the "morality factors, including human rights abuses and corruption" aspect please. Are you saying FBN is responsible for these? or that you object to using a bank based in a country where you think these occur? I ask for information as I know nothing about FBN.

isofa

LardyCake wrote: »

So they are covered by the FSCS according to Martins table, thank you.

@isofa: Could you expand on the "morality factors, including human rights abuses and corruption" aspect please. Are you saying FBN is responsible for these? or that you object to using a bank based in a country where you think these occur? I ask for information as I know nothing about FBN.

The latter. I object to supporting a country with those issues.

Just like many choose to avoid Icelandic banks because of their whaling policies, the banks aren't responsible, but still it's a moral call.

Read up on it from the BBC and many many other independent websites.

LardyCake

Thanks for clarifying that, isofa. However I would be struggling to find any financial products at all if I took that stance (objections to US & UK foreign policy, etc etc).