FTSE linked returns with capital protection
“Provided you think the FTSE will go up in the future, the latest Growth Deposit Plan from Legal & General is certainly worth a closer look as an alternative for your savings.
A return linked to the stock market replaces a guaranteed return on your money with the potential for a higher return than would be available by taking out a fixed rate. The return on offer is any increase in the value of the FTSE 100 over the investment term (capped at 40%), with a minimum return of 7.5% whatever happens.
Capital protection is provided by Cater Allen Private Bank whose deposits benefit from being fully and unconditionally guaranteed by Santander UK plc, and with longer term interest rates so low at present, finding alternatives that offer the potential for higher returns could be a useful addition to your savings.”
Oliver Roylance-Smith, head of savings and investment
Request a brochure for the L&G Growth Deposit Plan here »
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.