MB UK 6Y 90 Consolation Growth Deposit Plan

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Fixed growth returns and capital protection, no matter how well the FTSE performs……

With full capital protection, a potential for a fixed return of 34% if the market rises, or falls by up to 10% coupled with the knowledge of a minimum 18% return if the market falls by more than 10%, this plan could be an attractive option for savers

Oliver Roylance-Smith

Head of Savings and Investments

With rising inflation forcing some savers to consider a wider range of options, the combination of capital protection plus the potential for a high growth return could be a compelling opportunity.

The UK 6Y 90 Consolation Growth Deposit Plan from MB offers a fixed return of 34% provided the FTSE 100 Index at the end of the six year term is at or above 90% of the value the start of the plan. If the FTSE 100 is lower than 90% of the starting level you still get a fixed return of 18%. Therefore at the end of the term you receive a fixed return and your original capital back no matter how well the FTSE performs.

The 34% return is equivalent to 5.67% growth, whilst the 18% is still worth 3% pa. Tax payers can also benefit from a tax free return as the plan is also available as an cash ISA, making this could be a compelling option.

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.

Plan Details

Fixed return – Either 34% if the Index is above 90% of the Starting Level, or 18% if it is lower than 90% of the 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: 6 Years

Arrangement fee applies

Minimum single investment: £5,000

Maximum ISA investment: £20,000

No maximum for ISA transfers and non-ISA investments

Deadlines

ISA Transfer Applications: 7 May 2024
Direct & ISA Applications: 24 May 2024

MB UK 6Y 90 Consolation Growth Deposit Plan May 2024

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Savings Accounts	Accounts pay either initial commission (up to 0.3%) or trail commission (up to 0.4%), but not both. So depending on the product it could be £90 initial commission or £120 trail commission in year 2 and so on (actual amount will vary in line with the value of your savings account).