The product, provided by Dunbar Bank, runs for five and a half years and includes 100 per cent capital guaranteed, tax-free interest on the ISA element and 100 per cent participation in the growth of the FTSE 100 index unless the Index has grown by 80 per cent or more.
Minimum investment is £2,500 and maximum investment is £1m, with a 3.25 per cent initial commission payable on all monies invested into this account.
Zurich’s Investment market manager Mark Peters says: “In the current economic climate, with interest rate at an all time low, concerns over financial security and the need for capital protection, remain a firm fixture for many consumers when looking to invest.
“The guaranteed account is an ideal investment for more cautious investors seeking exposure to the stock market, or those seeking the opportunity to benefit from market recovery, whilst still protecting their original capital investment. In addition to offering the benefit of capital protection, the potential returns are particularly attractive, given that the base rate is currently 0.5 per cent.”
Any applications received before May 5, 2009 will be eligible for an early bird bonus of 0.33 per cent. Applications must be received by June 5, 2009.