Potential high growth returns and capital protection…
If capital protection is a top priority when considering your options, the chances are the returns on your savings have reduced significantly in recent years, which is where Investec’s FTSE 100 6 Year Deposit Plan could offer an alternative.
The plan will pay a fixed return of 42% provided the FTSE 100 Index at the end of the term is higher than its value at the start of the plan (subject to averaging). As with other deposits your capital is also eligible for FSCS protection but if the Index is lower, you will only get your initial capital back.
By linking your return to the stock market, it is not guaranteed as it would be with a fixed rate bond. However, if the plan does provide the fixed return, it is equivalent to around 6.02% per year (compound), which is considerably higher than other deposit based options.
Reduced arrangement fee: For investments of £100,000 or more into this plan, processed through Fair Investment Company, your arrangement fee will be reduced to 2% of your original investment.
Target return – 42% 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: 6 Years
Arrangement fee applies
Minimum single investment: £3,000
Maximum ISA investment: £20,000
Maximum for ISA transfers and non-ISA investments: £3,000,000
ISA Transfer applications: 28 June 2019
Direct & ISA applications: 19 July 2019