The potential for 15% after 3 years, capital protected…
Regardless of what happens to interest rates and inflation in the next few years, we are unlikely to see any significant upward shift in the level of traditional savings rates on offer.
The FTSE 100 3 Year Deposit Plan from Investec offers an alternative for your savings with a potential 15% return after 3 years, provided the FTSE 100 finishes higher than its starting value (subject to averaging). As this is a deposit, your capital is also eligible for FSCS protection.
The upside is that the potential return equates to 5% per year (not compounded), which is considerably higher than the best fixed rate deposits on offer. The downside is if the FTSE ends lower, you only get your initial capital back.
Target return – 15% if the Index if higher
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: 3 Years
Arrangement fee applies
Minimum single investment: £3,000
Maximum ISA investment: £20,000
Maximum for ISA transfers and non-ISA investments: £1,000,000
Direct & ISA applications: 16 January 2019
ISA Transfer applications: 21 December 2018