Potential high growth returns and capital protection…
If capital protection is a top priority when considering your options, the chances are the returns on your savings have reduced significantly in recent years, which is where MB’s UK Growth Deposit Plan could offer an alternative.
The plan will pay a fixed return of 12% provided the FTSE 100 Index at the end of the term is higher than its value at the start of the plan . As with other deposits your capital is also eligible for FSCS protection but if the Index is lower, you will only get your initial capital back.
By linking your return to the stock market it is not guaranteed as it would be with a fixed rate bond. However, if the plan does provide the fixed return, it is equivalent to 4% per year, which is around 2% higher than similar term deposit based options.
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 – 12% if the FTSE 100 Index is higher at the end of the term
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 2021/22 and 2022/23 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