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ISA or a bond
sue__5-2
Posts: 1 Newbie
which would my money be safer in? 
0
Comments
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It depends what you mean by 'bond' many fixed rate savings products are marketed as 'bonds', including Cash ISAs, e.g. Nationwide's Fixed Rate ISA Bond. The safety of savings depends on the institution - most are covered for up to £35,000 under the Financial Services Compensation Scheme.0
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ISA is a tax wrapper. A bond is investment. Although the term bond is so miss-used it could mean a number of things including those which are not really bonds.
Cash ISAs are treated as cash. Investment ISAs are treated as investments. As investments they can have varying degrees of security and even FSCS protection.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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