Cash ISA: 150 x any rise in the FTSE (40% cap)
If you’re looking for an alternative to low savings rates, then the opportunity to link your returns to the FTSE 100, and then multiply them by 150%, could be a compelling one. Whilst the FTSE 100 is at historically high levels, it can be difficult to know which course to take, but not only does the Growth Deposit Bond from Legal & General offer full capital protection, it also multiplies any growth in the FTSE 100 over the 6 year term by 150% (subject to averaging and a maximum return of 40%).
So not only could you beat the current low interest rate environment, you could also beat the stock market and give your Cash ISA savings a much needed boost. This plan is available for current year Cash ISA, 2013/14 year Cash ISA, Cash ISA transfers and non-ISA deposits, and with a low minimum deposit of £500, is open to all.
No news, feature article or comment should be seen as a personal recommendation to invest. If you are in any doubt as to the suitability of a particular product please seek independent financial advice.
This is a structured deposit plan that 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. The past performance of the FTSE 100 Index is not a guide to its future performance.Tags