The potential to receive 7.25% annual income with capital protection
The Meteor FTSE Income Deposit Plan 7 is a six year Structured Deposit Plan linked to the performance of the FTSE 100 Index (‘the Index’).
The Plan is designed to repay your initial deposit after six years and also provide fixed income returns of 7.25% gross annually or 1.4% gross quarterly, as long as the value of the FTSE 100 index at the close of any business day does not fall lower than 4500 points or rise to more than 7250 points during each annual/quarterly Observation Period.
If the closing level of the Index does fall below 4500 or rises above 7250 during an Observation Period, no income payment will be made for that period.
The plan is available for direct investment, cash ISA, cash ISA transfer, as well as SIPP and SSAS pension investments. It is also available to businesses, charities and trusts.
Potential annual income – 7.25% or - Potential quarterly income - 1.4%
- Capital protected plan*
- RBS is the deposit taker for this plan
- Eligible for the Financial Services Compensation Scheme up to £85,000 for an individual or up to £170,000 for a joint deposit account **
- Investment term: 6 years
- Minimum Investment for direct investments and ISA transfers: £10,000
- Minimum Investment for new 2011/12 cash ISA investments: £5,340
- Minimum Investment for new 2012/13 cash ISA investments: £5,640
- Also available to businesses, charities and trusts
- 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as a bank or building society deposit account and you may not receive your initial deposit in full if your capital is withdrawn early
Application deadlines:
- ISA and ISA transfers for 2011/12 (cheque or bank transfer): 5th April 2012
- ISA transfers for 2012/13 (cheque or bank transfer): 13th April 2012
- ISA investments for 2012/13 and direct investments (cheques): 20th April 2012
- ISA investments for 2012/13 and direct investments (bank transfer): 25th April 2012
*The return of your capital and any growth depends on the ability of the deposit taker (The Royal Bank of Scotland plc) to repay your money.
**Subject to the Scheme's eligibility criteria - see brochure for details. Most types of deposit business are covered up to a maximum of £85,000.
*The return of your capital and any growth depends on the ability of the deposit taker (The Royal Bank of Scotland plc) to repay your money.
**Subject to the Scheme's eligibility criteria - see brochure for details. Most types of deposit business are covered up to a maximum of £85,000.
Special Offer
For investments within this product of £100,000 or more processed through Fair Investment Company Limited, we will pay you Cashback of 1%. E.g. If you invested £100,000 into the above plan through Fair Investment Company Limited., we would send you a cheque for £1000 four weeks after the start date of the plan.