I'm thinking of opening a 1 yr fixed rate bond with Kaupthing Edges

Question

Are they joined with any other bank or building society or are they a stand alone company?

Answer 1

What is the interest rate being paid?  Bonds are a bad investment these days since inflation is high and rising rapidly.  A bond guarantees that you will lose money, or at least its purchasing power.

Answer 2

They are an offshoot of an Icelandic bank. This means your deposit is only guaranteed up to £35,000

The icici bank is doing a one year bond at 7.2%

www.icicibank.co.uk

EDIT

dontpani is incorrect, Kaupthing has signed up to the UK banking code, see my link below

Answer 3

They are an Icelandic bank with no ties to UK banks as far as I know - Financial Services Compensation Scheme also covers them for first £35K

Answer 4

Read the inflation busting blog on this site and it shows some accounts that will beat inflation.

http://www.carpetbagging.co.uk