Barbican ISA Bond Review - Is it a Scam?
One of the latest ISAs being advertised by Review My ISA is called Barbican ISA claiming to offer a fixed rate of 7%. However if you look at the small print you will find out some worrying details. Barbican ISA Bond Review - Is it a Scam? Despite the claim that the ISA is regulated and authorised by the FCA it is important to note that this product is not protected by the FSCS so you could lose all your money if the investment goes wrong as investors in London Capital and Finance have found to their cost. This ISA is promoted on Facebook by "Mark's Money Matters" who seem to have a track record for promoting misleading investments that are listed as savings. The key point is that despite all the references to SAVINGS this is not a savings product but an investment where you can lose all your money and the value is not guaranteed. Even the interest rate is not fixed as they could go bust before the end of the term as LCF did. We are not suggesting that Barbican I...