Royal Bank of Scotland International (RBSI) is launching a guaranteed capital account offering up to...
Royal Bank of Scotland International (RBSI) is launching a guaranteed capital account offering up to 25% return on your investment if the FTSE climbs by 20% over the next three years.
The Stepped Growth Bond is the latest in the RBSI fixed-term deposit account series, aimed at expats and foreign nationals both in the UK and overseas.
Interest on the three-year bond is based on the growth of the FTSE 100 for the sterling account or the S&P 500 for the US dollar account, however, investors in the dollar account can only earn up to 20% return on their investment.
Interest returns - which will be paid gross at maturity - are stepped in 5% increments (starting at 4.25% on the US account) so if the FTSE climbs less than 5% by December 11, 2004, investors will receive only their original deposit.
Minimum deposit to open an account is £10,000 or $20,000, limited to a first-come first serve basis.
Maturity date is December 11, 2004 with closing date set for December 11, 2001.
There are no upfront charges and no commission is payable to intermediaries.
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