mint Posted September 14, 2011 Share Posted September 14, 2011 I see that Caxton FX is offering a bond with 7.25% gross interest pa, interest paid 6-monthly for fixed term. Invest from £2000 per bondholder to £50 000.Anyone see any pitfalls with this? Link to comment Share on other sites More sharing options...
BJSLIV Posted September 14, 2011 Share Posted September 14, 2011 Main plus a better headline rate of interest.Downsides.The 7.25% is gross so UK or French tax must be deducted.The bond can't be put into an ISAThe bond is for a fixed 4 year term with no escape route.It is a bond with an individual company who might encounter problems during the 4 year period.There is no protection if the company were to get into difficulties. Link to comment Share on other sites More sharing options...
mint Posted September 14, 2011 Author Share Posted September 14, 2011 Thanks for that. Thought the interest rate sounded so good that there must be a catch somewhere. Not that I have much money to put into anything at the moment! Link to comment Share on other sites More sharing options...
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