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NatSavings introduces first equity-linked plan

National Savings and Investments has launched its first equity-linked investment product in the form of a guaranteed equity bond.

The move follows the rebranding of National Savings in February. The five-year bond offers the potential for stockmarket growth alongside 100 per cent capital security.

The bond is linked to the performance of the FTSE 100 index and investors receive a 1 per cent return for every point increase in the index up to a maximum of 65 per cent.

The bond has no charges. It will be available on a first-come, first-served basis until April 17 unless it sells out beforehand. The minimum investment is £2,000 and maximum is £1m.

Customers investing before the end of the offer period will receive interest at a rate of 3.5 per cent gross.

National Savings and Investments says launching an equity bond marks a further step in its business transformation programme. It wants its new identity to reflect the widening range of investment opportunities it now has available.

Commercial director Gill Cattanach says: “The guaranteed equity bond is an exciting and fresh investment opportunity for investors that will appeal to both new and existing customers, in particular, those who are looking for higher growth potential than from a traditional savings account coupled with absolute security for their capital.”

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