Capital protected plan with the opportunity for 6% 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 6% 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 18% after 3 years, or another 6% 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 2.3%, and just over 2.5% on offer 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.
Potential return – 6% 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: £1,000,000
ISA Transfer applications: 19 September 2018
Direct & ISA applications: 10 October 2018