+ Visit Cardiff FC for Latest News, Transfer Gossip, Fixtures and Match Results |
Seen these being offered at 8% if you leave it there for 3 years. 6% for 2.
Just sold a house so got some cash to invest. It would pay me more than tenants did with no hassle but I know nothing of them. I trust they are protected like cash in the bank is?? Banks still pay nothing of course.
If you're buying a bond fund then FSCS will cover you for failure of the fund manager but not any failure of the underlying bond issuer/s. So in effect you are not covered for capital losses in the value of the bond/s but covered for maladministration by the fund manager.
if the bond is paying 8% then the underlying asset must be paying 10-12% to the fund manager for them to make a decent margin. This isn't a junk bond but it is isn't triple A either.
you would be better off buying an offshore AA+ bond in Jersey or Guernsey as it will get you the same result.