"Potential 11% after 3 years and full capital protection..."
This defensive deposit plan from Investec offers:
- 11% after three years: if the FTSE is above 90% of initial level
- Equivalent to 3.66% pa growth
- Tax free income: if held in an ISA, ISA transfers accepted
- Non-ISA also available: invest from £3,000
- Full capital protection: your initial capital returned in full no matter how well the FTSE performs
The Plan is available for 2018/19 Cash ISA, ISA Transfer, Direct Investment, as well as SIPP and SSAS pension investments. It is also available to businesses, charities and trusts.
- Investment deadline for ISA transfer applications: 8 February 2019
- Investment deadline for direct and 2018/19 ISA applications: 1 March 2019
The best medium term fixed rate savings bonds are paying a little over 2% AER and with similar term Cash ISA fixed rates even lower, this could be an appealing alternative