Standard Bank capital guaranteed product linked to the price of gold

Standard Bank Offshore has launched a capital guaranteed product linked to the price of gold, offering up to 10% return with only a 12-month lock-in period for investors. The Gold Linked Deposit Account is a fixed term deposit offering a 100% capital guarantee and a minimum return of 2%. Investors can earn a 10% return if the price of gold reaches or exceed $400 per ounce on the London 3pm time fixing of the World Bullion Market on any business day during the period of the deposit. Interest will be paid gross when the product matures. Minimum investment is £10,000. The offer will b...