Capital protected savings alternative: Potential 20% after 3 years, even if the FTSE drops by 10%…
For those looking for capital protected alternatives for their savings and Cash ISAs, the potential 20% return on offer from MB’s UK 3Y Defensive Growth Deposit Plan could be a compelling option.
The plan compares the value of the FTSE 100 Index at the beginning and the end of the term, and provided it has not fallen more than 10%, pays a fixed return of 20% (tax free if held in an ISA). This is equivalent to 6.67% growth each year, which is considerably more than medium term savings rates at present.
As with other deposits your capital is also eligible for FSCS protection. However, unlike fixed rate savings accounts your return is not guaranteed and so you could only receive your initial capital back.
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.
Target return – 20% at the end of the term if the FTSE 100 Index is higher than 90% of its starting level
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: £5,000
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