Potential 6.65% per year plus full capital protection, with the potential to mature early from year 3 onwards…
Whilst inflation remains well above the maximum interest you can earn from traditional fixed rate bonds, there is a clear cost to making sure your savings are fully capital protected. By offering a potential 6.65% for each year, this deposit plan from Goldman Sachs offers the opportunity for higher returns, as well as protecting your capital.
The FTSE 100 Deposit Kick Out Plan offers capital protection plus a potential 6.65% per year (not compounded). The plan will mature early or ‘kick out’, provided the value of the FTSE 100 Index at the end of each year from year 3 onwards, is higher than its value at the start of the plan. That’s a potential 19.95 after 3 years, or another 6.65% for each additional year thereafter. If the Index is lower on all of these dates, you will only receive a return of your initial deposit.
The plan also has an alternative option paying 6.15% if on a kick out date the FTSE 100 Index does not drop by more than 5%.
With the best long–term fixed rates only paying around 5% AER, and cash ISA’s even lower, this plan offers the opportunity to achieve a significantly better return than cash.
Potential Return: 6.65% for each year invested (not compounded), if the FTSE rises by any amount
Potential to mature early (kick out) each year from year 3 onwards
Alternative option also available returning a potential 6.15% pa if the FTSE is above 95% of initial level, on a kick out date
Capital Protected Product
Eligible for the Financial Services Compensation Scheme up to £85,000 for an individual or up to £170,000 for a joint deposit account
Available for Cash ISA, ISA Transfer and Direct Investments. Also available to businesses, charities, trusts and SIPP and SSAS pension schemes
Investment term: Maximum 6 Years
Arrangement fee applies
Minimum single investment: £5,000
Maximum ISA investment: £20,000
No maximum for ISA transfers and non-ISA investments
ISA Transfer Applications: 11 December 2023
Direct & ISA Applications: 29 December 2023
Important Information: 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.