Fixed Rate Bond 7.76% From A UK Offer

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whiz

Registered User
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Hi Guys,

I see a UK bank is offering a 7.76% Fixed rate bond that European customer, the prospectus says it's ideal for 1 or 2 year investment. Apparently up to €100k will be protected by the Financial Services Compensation Scheme and an initial investment can be as low as €10k.

I see UK government will tax income arising from the bond so I was wondering do we in Ireland have a double taxation agreement that will cover this?

Plus is are there are any other implications that I should be aware of ?

Has anyone done this type of investment before whilst living in Ireland?

Lastly appreciate any responses.
 
@whiz
Where did you get your hands on the prospectus?
Apart from anything else, it's denominated in USD. Was fully subscribed on issue last November, and minimum investment was $200k.
 
I agree I think it's a scam, a friend sent it to me who works in the city of London
 
There are some very sophisticated scams involving providing a prospectus to a legitimate bank/ product. See here for an example:

Citibank Dublin fixed term dep (Scam warning)

Warning: This turns out to be a scam Citigroup have the following offering closing 28th feb for fixed term deposit invest 20k for 1 year the rate would 3.75% P.A net of DIRT. Has anyone used Citigroup in Dublin before? seems like a very good return for 1 year term compared to current offers
www.askaboutmoney.com

If it sounds too good to be true, it is.
 
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