New Launch: Potential 6% a year, capital protected
The SocGen Kickout Deposit Plan combines the potential for a high return with the opportunity to mature early, which means you could see a return of 12% in just two years. Along with capital protection this plan gives savers a real opportunity to beat low fixed rates – just in time for ISA season, too.
Your return is based on the performance of five FTSE 100 companies rather than the Index itself. If all five shares are at or above their starting levels at the end of years, 2, 3, 4 or 5, the plan will mature early and you will receive 6% for each year (not compounded). In the final year the share values need to be at least 90% of their initial value, in which case you would receive 36%. If the value of the shares is lower on all of these dates you will only receive a return of your initial deposit.
Unlike fixed rate bonds, the returns are not guaranteed, but with the potential to more than double the returns currently available from leading fixed rates, this is a strong contender for this ISA season. The plan also accepts cash ISA transfers and non-ISA deposits.No news, feature article or comment should be seen as a personal recommendation to invest. If you are in any doubt as to the suitability of a particular product please seek independent financial advice. This is a structured deposit plan that 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.