M&S Bond question

[DSLiverpool]

Can I get this via an isa ? I’ve not used my £20k this year or could I move cash isa money into it - to be worth it the Isa wrapper needs to be in place.

[sociopath]

I've no idea, but I'd ask why they'd be offering that rate if your money is going to be safe.

[Jules Sunley]

That looks like a scam ad to me. Direct Corporate Bonds are not FSCS protected and the yield (it's not an interest rate, as corporate bonds are NOT savings accounts) looks way too high albeit M and S are now 'junk' rated

[chip*]

Firstly, take a look at their credit rating:

https://www.fitchratings.com/entity/marks-spencer-...

Then try to establish why they are where they are / how do you feel the retail sector will perform in the short term i.e. likelyhood you will get repaid in 12 months.

Edit to add: if it's real, I would question why ain't M&S funding this short term cash/ bridging loan via their main Bank instead of going out to the market?

Edited by chip* on Wednesday 19th May 09:13

[Benbay001]

DSLiverpool said:

Can I get this via an isa ? I’ve not used my £20k this year or could I move cash isa money into it - to be worth it the Isa wrapper needs to be in place.

How did you come by this offer?

Its (almost definitely) a scam that was mentioned on Money Saving Expert forum just a few days ago.

Id also be asking myself why this didnt set of alarm bells otherwise you probably will get stung at some point.

[Benbay001]

Heres the MSE thread on the subject
https://forums.moneysavingexpert.com/discussion/62...

[DSLiverpool]

Cheers

[alistair1234]

Out of interest, click on the sender bit at the very top, 'M & S Bond Offer' and it will reveal the actual email address of the sender. Where has it come from?

That is the easiest way to tell if something is a scam.

[DSLiverpool]

[e-mail]

[PorkInsider]

DSLiverpool said:

[e-mail]

Domain first registered yesterday.

Registrant name and org withheld.

[DSLiverpool]

My moneys safe !

[Mr Overheads]

If you do want to invest in Bonds then WiseAlpha is the place to do it. I'm a micro shareholder via their Crowdcube/Seedrs raise (I forget which) and use it for personal and company funds. I'm averaging 6.3% across over 60 different companies so risk is well spread which is middle of the bell curve of returns their customers are getting (from their latest shareholder update)

If you are interested pm me and I can give you a referral link so we both get a little extra.

[The G Kid]

An M&S bond does exist under that ISIN, but it pays 6% and matures in December 2025. Currently trades at about 113%. So the likelihood of getting a fixed 5% back in 1 year is very unlikely.

[magic360]

SCAM
There are similar ones from Aviva and others