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Nationwide GEB offering 85% of FTSE 100 growth

Nationwide is offering a new guaranteed equity bond linked to the FTSE 100 with an 85 per cent return of index growth at the end of a five-year term.

As the bond is offered through Nationwide’s life company, the growth of 85 per cent is paid after tax. Nationwide says this is equivalent to 106 per cent before tax for basic and higher-rate taxpayers. The bond previously offered investors 70 per cent of FTSE 100 growth. Minimum investment is 5,000 and the bond is open until May 14. Bonuses are being offered at 0.4 per cent until April 16, 0.3 per cent between April 18 and April 30 and 0.2 per cent between May 3 and May 14.

Nationwide Investments managing director Clive Parkinson says: “For people wanting to invest in the stockmarket but who are worried about the risks, GEBs are the solution. Investors have the potential to benefit from stockmarket growth without putting their original investment at risk.”

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