Scottish Life International is issuing a fourth series of its income & growth bonus bond.
The three-year bond offers investors the choice of either regular income of 11.2 per cent a year or 2.7 per cent a quarter.
Alternatively, investors looking for capital growth will get 35.6 per cent growth on the bond's maturity, provided none of the three stockmarkets indices to which it is linked fall in value by more than 30 per cent during the term. The three indices are the FTSE 100, S&P 500 and the Euro Stoxx 50.
Even if all the indices fall, provided it is by no more than 30 per cent, the investor will still get the full return. Minimum investment is £10,000. Commission is 3.5 per cent. The bond is available from February 12-March 30.
SLI marketing director John Allison says: “With interest rates remaining at historically low levels and experts arguing that they will be cut further, this product offers a vital alternative to the rates available on the high street.”