The Opportunity for Annual or Monthly Income
The Investec 5 Year FTSE 100 Income Deposit Plan 12 Option 2 aims to provide regular income payments while protecting your initial deposit when the Plan matures. The Plan has two income options; annual and monthly.
The Plan will return a fixed income of 4.50% annually or 0.36% monthly, provided the FTSE 100 Index remains at or above 50% of its initial level. If the Plan falls below 50% of its initial level then income payments will cease. However, if the Index recovers to its starting level on any subsequent payment date, then the missed payments will be paid out and income payments will restart.
Your initial capital will still be returned in full at maturity regardless of the performance of the FTSE 100 Index.
This is a structured investment plan.
- Annual Income Option - 4.50% gross or
- Monthly Income Option - 0.36% gross
- Covered by the Financial Services Compensation Scheme up to £50,000 for an individual or up to £100,000 for a joint deposit account *
- Capital Protected Product **
- Investment Term - 5 Years
- Minimum Single Investment - £1,500
- Within your individual ISA limit - Up to £5,100
- Maximum Direct Investment - £1,000,000
- Available as a Cash ISA, Cash ISA Transfer and for Direct Investment.
- This Plan is not the same as a bank or building society deposit account and you may not receive your initial deposit in full if your capital is withdrawn early
- ISA Transfer Deadline - 6 August 2010
- 2010/2011 ISA Deadline - 20 August 2010
- Direct Investment Deadline - 20 August 2010
*Subject to the Scheme's eligibility criteria - see brochure for details.
**The return of your capital depends on the ability of the counterparty (Investec Bank plc) to repay your money.