An Isa with 8.24% fixed interest a year. Is that simply too good to be true?

Money The Guardian

It’s an eye-catching offer popping up in Facebook newsfeeds this month. But, in the wake of a controversial mini-bonds scandal, people are wary. As one financial expert advises ‘stay away’, we spell out the facts It’s an advert that’s been popping up in many people’s Facebook newsfeeds during the last few weeks, for a “Platinum Isa” that pays a fixed 8.24% a year. That’s certainly an eye-catching rate, and it prompted one of those who contacted Guardian Money to say: “It looks too good to be true.” There have also been discussions about the product on the forums of sites such as …

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