Nationwide Building Society has announced it will be offering Legal and General's Capital Guaranteed Multi-Index Equity Bond (GEB) from Monday (April 20th)
In its ninth issue, the bond guarantees a return of capital if the deposit is held for the entirety of the investment, with potential growth of 50 per cent depending on stock market performance.
Requiring a minimum investment of £500 and with no maximum limit, the six-year deal is targeted at those who do not want to risk their capital while taking advantage of any possible income from the stock market .
Nationwide's divisional director of investments Robin Bailey said: "In the current climate people may be feeling more cautious about investments. However, investing in a GEB is different as it links the value of your money to selected stock market indices rather than directly in stocks and shares ."
The majority of British people are intending to hold on their investments and believe the world's economy will recover within five years' time, according to F and C Investments.
Nationwide offers capital-guaranteed bond
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Nationwide offers capital-guaranteed bond
Fri, 17 Apr 2009
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