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Abbey launches new guaranteed investment products

Abbey is launching a new range of guaranteed investment products linked to the FTSE 100.

The guaranteed capital plus issue 3, launches on Wednesday until September 9, 2008, will be available for three and a half or six years periods.

The product offers 18 per cent return if the FTSE 100 has increased over three and a half years and 40 per cent return for six years, with a guaranteed minimum return of two per cent if the index has stayed the same or decreased over both periods.

Minimum investment for both options is £1,500. For the six-year option, customers can invest through an Isa and returns will be free of income and capital gains tax. They also have the option of investing outside an Isa.

Abbey director of savings and investments Reza Attar-Zadeh says: “This product gives investors an exposure to the superior returns available from linking to equity markets without putting their capital at risk. The product is tax efficient and ensures a guaranteed minimum return, regardless of the stock market performance.”

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