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First Active Channel Islands launches equity-linked bank account

First Active Bank Channel Islands is launching an equity linked deposit account that is aiming to return up to 50 per cent gross over five years.


Protection Plus, which tracks the FTSE 100 Index and providing it neither rises nor falls more than 400 points a quarter, will pay investors a 2.5 per cent gross bonus every three months over the term up to a maximum of 50 per cent gross.


Investors will also receive a minimum of 15 per cent gross at the end of the five year term.


Protection Plus has a minimum deposit of £2,500 and has no management charges.

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