Scam savings accounts

[MAD87]

I've seen references over the last few weeks to a "Livret européen", offering 7.8% p.a. Last night I had a call from a woman claiming my OH had contacted them for more info and extolling the virtues of said livret.

UFC Que Choisir and other reputable organisations highlight these scams as a way to part a fool from his dosh, so be warned!

[Hotrodder]

Thanks for the warning.
It's times like this I feel thankful I have no savings to invest.

[suein56]

Whilst I am sure you are right about the phone call you received being a scam it must be said that the Livret Européen is a genuine new product, apparently to encourage 'those of modest means' to save.
https://www.lerevenu.com/diversifier-pl ... -europeen/
https://www.rue-de-la-banque.com/quelle ... opeen.html

[Wilbro]

I read one article by a high profile FA who advertises a lot in the Connexion offering a guaranteed property investment fund. No way can you guarantee it and if property hits a bad time then funds may not even be accessible.

[MAD87]

Whilst I am sure you are right about the phone call you received being a scam it must be said that the Livret Européen is a genuine new product, apparently to encourage 'those of modest means' to save.
https://www.lerevenu.com/diversifier-pl ... -europeen/
https://www.rue-de-la-banque.com/quelle ... opeen.html

That's interesting, but I wonder why the offer of 4-5% over the current livret rate?

[Niftyons]

To attract those who want more.
Ponzi comes to mind.

[A.N.Other]

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