Or 7% for each year if the deposit taker chooses to call (end) the plan early…
“While traditional savings continue to offer historically low interest rates, the opportunity for capital protection and high returns is not something we see every day, but is exactly what’s on offer from IDAD’s latest Callable Deposit Plan.
The plan will return EITHER 2x any rise in the FTSE 100 Index at the end of the full term, with no upper limit, OR 1.75% per quarter if the Deposit taker decides to end (‘call’) the plan early – that’s the equivalent of 7% per year (not compounded). So if the FTSE rises 10%, you get 20%, rises 20% you get 40%, and so on. If the FTSE ends lower, you just get a return of your original capital, unless the plan has been called early.
Your initial deposit is protected whatever happens, and by doubling any rise in the FTSE, this plan offers the opportunity to beat the market. Whilst the 7% return if the plan is ended early, is sufficiently high enough to be attractive, particularly when combined with capital protection.”
Oliver Roylance-Smith, head of savings and investment
This plan is also available as a Cash ISA and accepts ISA transfers. Application deadlines apply.
Eligible deposits in the IDAD Callable Deposit Plan are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme.
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 deposit 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 deposit 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.
Tax treatment of ISAs depends on your individual circumstances and legislation which are subject to change in the future. ISA transfer charges may apply, please check with your provider.
Fair Investment Company does not offer advice and any investment transacted through us is on a non-advised basis. If you are at all unsure of the suitability of this type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.