Individuals looking to make medium to long-term investments with capital protection may be interested in a new six-year growth deposit bond .
The Structured Deposit Bond is the latest product from Legal and General, providing a minimum return of 12 per cent and up to 50 per cent depending on the growth of the FTSE 100 .
It is available as a cash individual savings account (ISA), deposit plan or for cash ISA transfers and is being offered until June 25th.
James Harrington, head of business development at Legal and General, said "The six-year Growth Bond gives customers the ability to invest tax free for a fixed term and with the additional potential for a return linked to the stock market .
"This should be an attractive proposition for many customers at this time."
The minimum investment for the product is £500 while the commission is three per cent of the invested sum.
First Direct recently launched a one-year fixed rate savings bond that pays 2.75 per cent of the annual equivalent rate on investments of between £2,000 and £49,999.
Investment opportunity with new growth deposit bond
Investment opportunity with new growth deposit bond
Thu, 20 May 2010
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