Savings Deposit Plan Offering Potential 6% pa
Tackle low savings rates with a potential 6.0% per year…
“The potential for 6% interest from cash makes for a compelling headline, especially when savings rates and Cash ISA rates are so low, and inflation remains a constant challenge.
The FTSE 100 Kick-Out Deposit Plan offers capital protection along with the potential to pay 6.0% interest per year (not compounded). The plan will mature early or ‘kick out’, provided the value of the FTSE at the end of each year from year 3 onwards, is higher than its value at the start of the plan (subject to averaging). That’s a potential 18% after 3 years, or another 6.0% for each additional year thereafter. If the Index is lower on all of these dates, you will only receive a return of your initial deposit.
So by linking your return to the FTSE, this plan replaces the certainty of a fixed rate of interest, with the opportunity to more than double current long term savings rates, whilst still offering the capital protection of a deposit-based plan.”
Oliver Roylance-Smith, head of savings and investment
Open to individuals (cash deposits and Cash ISAs), businesses and charities.