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Banks and building societies typically market conventional deposit accounts (guaranteed by the bank...

Banks and building societies typically market conventional deposit accounts (guaranteed by the bank) and guaranteed fixed term bond issues, essentially a deposit account with a link to a possible equity return. Somewhat more extensive are the life assurance company fixed term products that offer a capital guarantee with equity upside in a wide range of designs with periods of up to six years, some beyond. Both sets of products are fixed term and may be correctly described as guaranteed. The capital guarantee is explicitly offered by the provider, and no third party/counter party risk is ...

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