Capital protected plan with the opportunity for 3.5% growth pa and early maturity…
As more and more savers face the impact of low savings rates, it is perhaps understandable why the Kick-Out Deposit Plan from Investec has been one of our best selling deposit plans this year.
The plan offers a potential 3.5% per year (not compounded) and 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 (subject to averaging). That’s a potential 10.5% after 3 years, or another 3.5% 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.
With market leading 3 year fixed rates currently offering around 1.30%, and around 1.40% for a 5 year term, by linking your return to the FTSE this plan offers the opportunity to beat low savings rates whilst still retaining the capital protection and FSCS eligibility that many cash savers expect.
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.
Potential return: 3.5% gross for every year the Plan is in force (not compounded)
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: £3,000
Maximum ISA investment: £20,000
Maximum for ISA transfers and non-ISA investments: £3,000,000
ISA Transfer Applications: 10 July 2020
Direct & ISA Applications: 31 July 2020