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50% potential growth for the new cash ISA allowance

50% potential growth for the new cash ISA allowance

13 April 2012 / by Oliver Roylance-Smith

"With longer term fixed rates only offering around 4.5%, finding an attractive return for your hard earned savings can be a challenge.

The Growth Deposit Bond from Legal & General offers a competitive alternative by combining the potential upside of stock market linked returns with capital protection provided by the Royal Bank of Scotland.

This plan will return 100% of any rise in the FTSE 100 (capped at 50% of your original investment) with a minimum return of 7.25% whatever happens. So if you think the FTSE will go up in the medium term, this plan offers a real opportunity to enhance the returns from your savings.

With the new ISA allowance of £5,640 available right now, why wait to start receiving the benefits of tax free growth. The plan also accepts cash ISA transfers and non-ISA deposits."

Oliver Roylance-Smith, head of savings and investments

 Find out how to apply for the Growth Deposit Bond from Legal & General »

This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term. Please note tax treatment depends on individual circumstances and may be subject to change in the future.

If you are at all unsure of the suitability of this type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.