Wednesday, 13 September 2017

London Capital Finance ISA Savings Bond reviews

A company called London Capital and Finance are heavily advertising on various savings websites for what they call a savings bond with an interest rate of 8% and others have mistakenly called a London Capital Finance ISA.

As the websites hosting the adverts are promoting savings accounts it's important to be clear - the London Capital and Finance bond is not a savings account or an ISA and involves risk to your money. You could lose all the money you invest as it is not FSCS protected

London Capital Finance ISA Savings Bond reviews
London Capital Finance ISA Savings Bond reviews

The product offered by LCF appears to be genuine and not a scam but by promoting their product via savings websites they are misleading savers that this is a savings account and not a product that puts their money at risk.

Read the small print in the London Capital and Finance website and you can see that they admit that your money is at risk and that this is not a savings account. However the phrasing and words used in the adverts - 100% track record, fixed interest, FCA regulated - all appear to give the impression that the bond is secure. In reality it is based on loans to companies and you can lose ALL your money.

is london capital bond fscs protected?
is london capital bond fscs protected?


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