How to get 11.5% on your money (2024)

You can get more than 11 per cent from a new retail bond if you tie up your money for three years, but it doesn’t come without risks.

The three-year bond from Lendinvest, a mortgage lender that specialises in buy-to-lets, pays almost twice the 5.96 per cent you can get from OakNorth Bank — the best three-year fixed-rate savings bond.

But investors will not benefit from the safety net of the Financial Services Compensation Scheme (FSCS), which protects deposits of up to £85,000 held in authorised financial services firms.

“A rate of 11.5 per cent suggests that investors are taking a high amount of risk and are not guaranteed to get all their money back on maturity, nor all the income that is being offered,”