London Capital & Finance Kevin125

#1
I have been looking into high interest saving accounts recently and found one with London Capital & Finance;



They offer Fixed Rate bonds with a minimum deposit of £5k and pay 3.8% for a one year bond, 6.5% for a 2 year bond or 8% for a 3 year bond.



I'm cautious, as I wouldn't want to put some money where I may not see it ever again, so my question is;

Is something like this too good to be true, not be trusted and I shouldn't go anywhere near it ?



Am curious how MSE hasn't mentioned it in a recent piece on savings, where it only mentioned Atom Bank paying 2% via an App.



Thanks for reading and would appreciate anyone's views/thoughts on this.

#2
AVOID!



This has been covered on other MSE forum threads. Did you not search?



http://forums.moneysavingexpert.com/showthread.php?t=5346049





http://forums.moneysavingexpert.com/showthread.php?t=5602584&highlight=london+capital



http://forums.moneysavingexpert.com/showthread.php?t=5599852&highlight=london+capital



http://forums.moneysavingexpert.com/showthread.php?t=5582847&highlight=london+capital



http://forums.moneysavingexpert.com/showthread.php?t=5582767&highlight=london+capital





AVOID AVOID AVOID



Dammit this company needs to stop advertising to the general public / newbie investors.





Edit:

Here are more threads to help you stay away from them:



http://forums.moneysavingexpert.com/showthread.php?t=5577717&highlight=london+capital



http://forums.moneysavingexpert.com/showthread.php?t=5576202&highlight=london+capital



http://forums.moneysavingexpert.com/showthread.php?t=5490092&highlight=london+capital



http://forums.moneysavingexpert.com/showthread.php?t=5556282&highlight=london+capital



http://forums.moneysavingexpert.com/showthread.php?t=5541782&highlight=london+capital



http://forums.moneysavingexpert.com/showthread.php?t=5522511&highlight=london+capital



http://forums.moneysavingexpert.com/showthread.php?t=5501257&highlight=london+capital



http://forums.moneysavingexpert.com/showthread.php?t=5484866&highlight=london+capital







2nd edit:

Also.... how did you find that product? It would be useful to know so that other people can take that source with a pinch of salt and to be careful.

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