A&L launches six-year savings and FTSE account

Paying 8% gross Annual Equivalent Rate on half the money invested, the other half of the money will receive 50% of the FTSE 100 index growth over the period. Up to £3,000 a year can be placed in a mini cash ISA and as it is a deposit based account, a money back guarantee promises to pay back the original investment if held for the full six years. Alliance & Leicester investments senior manager Rachel Curtis says the product is suited for customers keen to invest with added security. “The account offers customers the chance to take the first step from saving into investments and dip th...