Capital protected plan with the opportunity for 7.2% growth pa even if the market drops by 5%, and early maturity…
The MB UK Kick Out 95 Deposit Plan offers a potential 7.2% interest per year (not compounded). Although it has a maximum term of six years, it will ‘kick out’ early provided the value of the FTSE 100 Index at the end of each year from year 4 onwards, is at or above 95% of its value at the start of the plan.
That’s a potential 28.8% after four years, 36% after five years, etc. The downside is that the return is not guaranteed, and so if the FTSE has dropped by more than 5% at the end of each year, you only get your initial capital back at the end of the full term.
This product offers the same capital protection as any other savings account, and as a deposit, also includes FSCS cover up to the banks & building societies £85,000 compensation limit. It can also be held as a cash ISA and accepts ISA transfers to take advantage of tax free returns.
With the best long term fixed rate deposit is currently offering around 5%, and the rate for a fixed rate Cash ISA less, the potential 7.2% on offer from this deposit plan could be an appealing alternative.
Potential Return: 7.2% for each year invested (not compounded), if the FTSE 100 Index higher than 95% of its starting level
Potential to mature early (kick out) each year from year 4 onwards
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: £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
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.