Bank of Scotland has launched a structured product designed to give customers a high rate of return while guaranteeing their original deposit.
Portfolio Plus Issue Two is a five year sterling proposition linked to the FTSE 100 Index offering a potential annual return of 8% p.a. for the five year term.
Each year, any return is automatically paid into a Bank of Scotland International Matured Funds Account, allowing customers to access the funds.
Portfolio Plus has a minimum deposit level of £20,000. The closing date for applications is 23 June and the start date is 26 June. The policy ends 26 June 2014.
Early depositors with applications received by 23 June 2009 will receive interest set at 3% AER/gross p.a. The early deposit interest will then be paid into Bank of Scotland International Matured Funds Account on 26 June.
"The Portfolio Plus is an ideal solution for investors who are looking to earn an attractive return on their investment with a minimum risk," says James Gairdner, managing director of Bank of Scotland International.
"Investors will potentially earn 8% interest each year, and will receive 100% of their deposit back whatever happens to the FTSE 100," he adds.
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