High income potential without risking your capital...
“Recent events in the economy suggest that returns on longer term fixed rates could stay low for quite a while longer. Alternatives which offer the potential for higher income but without risking your capital are therefore becoming more and more popular.
Meteor’s Income Deposit Plan pays an annual income of 6.75% provided the FTSE 100 remains between 4,500 and 7,000 points (yesterday’s closing value was 5,664). Unlike a fixed rate bond, your income is therefore dependent on the performance of the FTSE 100 and if it falls outside of this barrier, no income will be paid.
However, the trade off for accepting this is the potential for an additional 2.6% a year when compared with leading longer term fixed rates. Capital protection is provided by the Royal Bank of Scotland and you can also take advantage of your Cash ISA allowance for the current tax year as well as transfer existing Cash ISAs and make non-ISA deposits.”
Oliver Roylance-Smith, head of savings and investment
Learn more and request a brochure for the Income Deposit Plan »
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. The past performance of the FTSE 100 Index is not a guide to its future performance.
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.