Either 10% pa or 2 x FTSE growth at end of term, plus full capital protection…
If capital protection is a top priority, yet you still want to achieve high growth returns this plan from IDAD could be an interesting option.
The Callable Deposit Plan is different from most other plans as the Deposit Taker (Goldman Sachs) can choose to ‘call’ (end) the plan early on any quarterly observation date from 18 months onwards. If they do decide to end the plan then it will pay a return of 2.5% x the number of quarters the plan has been running (equivalent to 10% pa) plus the return of capital.
If the deposit taker decides to let the plan run for the full 6 year term then at maturity it will pay 2 x any FTSE growth over the period, plus a return of capital. As with other deposits your capital is also eligible for FSCS protection but if the Index is lower at this point, you will only get your initial capital back.
Although this plan has an uncertain end date, by offering some of the highest deposit returns available on the market no matter how the FTSE performs, or a very competitive potential return if it runs the full term, it could provide an attractive alternative when comparing with other deposit based options.
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.
2.5% per quarter (equivalent to 10% pa) – if the Deposit Taker ends the plan early
2 x FTSE 100 Index growth – if the plan runs for the full term
Deposit Taker: Goldman Sachs International Bank
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: £10,000
Maximum ISA investment: £20,000
No Maximum for ISA transfers and non-ISA investments
The deadline for this plan has now passed. Please fill in the form below to receive details of the next issue of the plan as soon as it becomes available