Fixed growth returns and capital protection, no matter how well the FTSE performs……
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 Consolation Growth Deposit Plan from MB offers a fixed return of 43.5% provided the FTSE 100 Index at the end of the six year term is at or above the value the start of the plan. If the FTSE 100 is lower 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.
If this Deposit pays out the 43.5% return is equivalent to 7.25% growth. 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.
Fixed return – Either 43.5% if the Index is above the Starting Level, or 18% if it is lower than 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
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