"Potential 4.5% pa and full capital protection..."
This defensive deposit plan from Investec offers:
- 4.5% pa: if the FTSE is above required kick out level
- Required kick out level: reduces from 100% of FTSE initial level down to 85% over term of 6 year plan
- Potential early maturity: annually from year 3 onwards
- Tax free: 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
Depending on your views of what might happen to the FTSE in the coming years, this plan offers full capital protection plus the opportunity for 4.5% pa, even if the market stays the same or goes down