"Potential 3.50% pa and full capital protection..."
This popular deposit plan from Investec offers:
- 3.50% pa: if the FTSE stays above 75% of it's initial level
- Alternative monthly interest option: 0.28% (equivalent to 3.36% pa)
- 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: 21 December 2018
- Investment deadline for direct and 2018/19 ISA applications: 16 January 2019
As with other savings plans, your deposit is eligible for FSCS protection, so if you are prepared to link your income to the FTSE in the hunt for higher potential returns, this plan could offer an answer to tackling low savings rates.”