Bank of Scotland International is launching its new issue of its capital guarantee savings bond, offering investors up to 70 per cent growth.
The capital guaranteed savings bond – issue 12 – is a three-year product requiring a minimum investment of 10,000, offering 100 per cent capital protection. The closing date is July 1, but early investors will receive 4.55 per cent gross.
If the FTSE 100 index is the same or higher at the end of the term, the bond gives a 70 per cent of the percentage rate of increase of the FTSE 100 index, or 15 per cent gross interest on the original investment, whichever is bigger.
Bank of Scotland International head of financial planning David Wilkinson says: This is a win-win opportunity for our investors, if however the market continues the broad recovery it has shown over the last year or so, the potential returns could be even higher and should certainly exceed returns possible at todays rates on deposit accounts.