The Club Isa website looks like any other financial services company. It has natty little tables, quirky graphics, is professional looking and uses the usual industry jargon.
Yet there is one thing that makes it stand out from more familiar household names: it offers “fixed returns of up to 9 per cent” a year. It is a truly flabbergasting pledge, particularly as most cash Isas pay about 1 per cent.
Times Money has found a host of similar websites advertising cash Isas, from those promising seemingly impossible double-digit returns to others pledging investment opportunities in the “alternative market”. All had paid to get maximum exposure from Google and so featured high up the search engine’s listings.
Many of the companies behind these websites falsely claimed…
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