Two offerings from Bank of Scotland invest in FTSE and S&P 500

Bank of Scotland International has launched a bond investing in the FTSE 100 and one linked to the S&P 500 index. The sterling Capital Guaranteed Savings Bond 12 is a three-year product with a minimum investment of £10,000. It offers 100% capital protection, so whatever happens to the markets; investors will always get their initial investment back. The closing date for application is 1 July. However, investors who open an account early receive 4.55% gross/AER on their investment until the start of the bond. The product will mature on 7 July 2008. If the FTSE 100 index has risen or st...