Savings alternative: Up to 50% growth without risking your capital

Savings alternative: Up to 50% growth without risking your capital

26 July 2012 / by Oliver Roylance-Smith

Looking for alternatives to fixed rates?

“Less than 1% separates leading instant access and 5 year fixed rates and with some of the lowest ever longer term fixed rates on offer, it is difficult to find incentives to tie your money up. Combined with a bleak outlook for interest rates, it is easy to see why alternatives are being considered.

The Legal & General Growth Deposit Bond offers the potential upside of a stock market linked return but without putting your capital at risk. The return on offer is any increase in the FTSE 100 over the investment term (capped at 50%) with a minimum return of 7% whatever happens.

Capital protection is provided by Cater Allen Private Bank which has its own banking licence for FSCS purposes but whose deposits benefit from being fully and unconditionally guaranteed by Santander UK plc.

So if you think the FTSE will go up in the medium term, this plan could offer a real opportunity to enhance the returns from you savings.”

Oliver Roylance-Smith, head of savings and investment

Request more information on the Legal & General Growth Deposit Bond »

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.