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8% Interest savings rate

Ultra Tempest · 2019-07-06 08:44:20

Anyone tried the Nexo crowd? nexo.io They claim to offer 8% AER interest on savings paid daily with instant access to your savings.... seems too good to be true. Especially when compared to the terrible rates offered by Irish banks, usually lacking instant access & the inability to top up your savings. They don’t charge…

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#62 19-06-2020 10:34am
Marcusm

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Henry Ford III wrote: »

I'm going to review this thread later.

There's a lot of false claims in it and a danger that innocent people could be misled by it.

My initial thought is that it should be closed and a few warnings should be given out.

The Nexo website is worse with claims that fully regulated everywhere it needs to be (which might be nowhere as there is no specific statement). Fine print says the product is only for qualified investors, professional investors etc. Statements that the interest is risk-free. Jesus, drinking water or breathing air is not risk-free.

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#63 19-06-2020 11:07am
Henry Ford III

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Reviewed and now closed. The claims being made in relation to this investment are dubious at best.

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This discussion has been closed.