Abbey International has launched a new issue of its two-year Guaranteed Growth Account. The product...
Abbey International has launched a new issue of its two-year Guaranteed Growth Account.
The product is the second issue of the vehicle and it is linked to the FTSE 100 index.
It offers customers full capital protection and is guaranteed to return a minimum of 6% at the end of the investment period.
Growth of the FTSE 100 index is calculated on a quarterly basis over the investment period. The increases and decreases in the FTSE over this time frame are capped at a maximum rise or fall of 2.75%.
This ensures the impact of any last minute falls in index values are minimised.
The minimum deposit for the vehicle is £5,000 and investments can be made up until 2 March 2007.
Early investors will benefit from an interest rate of UK base rate plus 0.20% between now and when the investment period commences.
Jane Matthews, head of marketing and business development at Abbey International, said: "The launch follows on from the success of the first structured product we launched two years ago, which matures in February.
"Investors in this vehicle wanted to reinvest in a similar vehicle, so we decided to do a second issue of it for these clients as well as new investors."
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