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An Isa of two halves for Bristol & West

Bristol & West is boosting its individual savings account range with flexible Isa. This is linked to three stockmarkets and allows investors to place up to half of their investment in a 12 month fixed rate bond.

The Isa is part of the tax exempt special savings account only guaranteed equity Isa range and is designed to attract savers who are looking to reinvest their maturing Tessa investments.

Investors will get 90 per cent of the average growth in the FTSE 100, Nikkei 100 and Eurostoxx 50 indices over the six year term. The return of their original capital is guaranteed no matter how the stockmarkets perform. If they also decide to invest in the 12-month fixed rate bond, they will get 8.5 per cent interest on maturity. After the fixed rate bond element has matured, investors will get instant access to this part of their investment but the rest is tied up for the remaining five years.

This Isa will suit risk averse clients with maturing Tessas who would rather not put all their money into a stockmarket linked Isa. The FTSE 100 rose from 3065.647 points on December 29, 1994 to 6222.46 points on December 29, 2000.

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