A Better Deal For Your Money!
Investment Offer
Up to 6.8% interest pa with quarterly payments
Quarterly interest even if the FTSE falls 15%…
6.8% interest each year is a strong headline return, especially when this can be achieved even if the FTSE 100 Index falls up to 15%.
“The combination of high interest potential and quarterly payments, along with a defensive feature meaning you get paid even if the stock market falls 15%, means we expect this plan to be popular.”
Oliver Roylance-Smith, head of savings and investment
The Meteor FTSE Quarterly 85 Income Kick Out Plan pays 1.70% at the end of each quarter, provided the FTSE 100 Index has not fallen more than 15% below its level at the start of the plan – that’s a potential 6.8% interest per year. If the Index does close below this level, no interest is paid for that quarter.
The plan has a maximum term of 10 years, but also offers the opportunity to receive your initial capital back in full before then if the FTSE is at or above 105% of its opening level at the end of each quarter (from year 1 onwards). If the plan does not end early, your initial capital is returned in full provided the FTSE has not fallen by more than 35% at the end of the plan term. If it has, your initial investment will be reduced by 1% for each 1% fall, so your capital is at risk.
Available for ISA, ISA transfers and non-ISA investments
Capital is at risk. This is a structured investment plan that is not capital protected and is not covered by the Financial Services Compensation Scheme (FSCS) for default alone. Income payments are not guaranteed and there is a risk of losing some or all of your initial investment due to the performance of the FTSE 100 Index.
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