Savers warned against risky ‘shaving bond’

Anyone who attended the impressive speech by Will King, CEO of King of Shaves, may be interested to learn that the company caused an uproar in the business pages by announcing a ‘shaving bond’ where the company promises to pay high rates of interest to anyone willing to lock away £5,000 pounds for three years. Click here to learn why savers are being warned to steer well clear of the offer and press this link to read Will King’s side of the story. It could be very interesting in an Economics or Business Studies GCSE class to discuss the pros and cons of such an offer for both the company and savers.