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Structured Deposit ISAs

As an alternative to traditional cash ISAs, you may want to consider a structured deposit ISA. Use the tables below to compare structured deposit ISAs.
Deposit Cash ISAs

FTSE 100 5 Year Defensive Deposit Plan

from Investec

ISA Option
Maximum Potential Return 18.00% at end of term
  • Deposit Taker: Investec Bank plc
  • Term: 5 years
  • 18% fixed return if the Index is higher than 95% of its Initial Level
  • Capital protected product*
  • Medium/longer term alternative to fixed rates
  • Returns not guaranteed. You may only receive a return of your original capital
  • Minimum deposit £3,000
  • Plan designed to be held for full term

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

Important Information: * The return of your initial deposit depends on the ability of the deposit taker (Investec Bank plc) to repay your money. Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.

FTSE 100 4 Year Deposit Plan

from Investec

ISA Option
Maximum Potential Return 15.00% at end of term
  • Deposit Taker: Investec Bank plc
  • Term: 4 years
  • 15% fixed return if the Index is higher
  • Capital protected product*
  • Eligible for the Financial Services Compensation Scheme (FSCS)
  • Available for ISA, ISA transfer and direct investment
  • Returns not guaranteed. You may only receive a return of your original capital
  • Minimum deposit £3,000
  • Plan designed to be held for full term

Important Information: * The return of your initial deposit depends on the ability of the deposit taker (Investec Bank plc) to repay your money. Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.

FTSE 100 Kick Out Deposit Plan

from Investec

ISA Option
Maximum Potential Return 4.00% per annum
  • Deposit Taker: Investec Bank plc
  • Term: Up to 6 years
  • Opportunity to mature early at year 3, 4 or 5
  • Capital Protected Product*
  • Eligible for the Financial Services Compensation Scheme
  • ISA transfers accepted
  • Short/medium term alternative to fixed rates
  • Alternative 8 year option also available offering 4.5% pa, potentially kicking out from year 4 onwards
  • Minimum single Investment - £3,000
  • This plan is not the same as a bank or building society deposit account and you may not receive your initial deposit in full if your capital is withdrawn early
  • Limited offer - deadlines apply. May close early if oversubscribed

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

Important Information: * The return of your initial deposit depends on the ability of the deposit taker (Investec Bank plc) to repay your money. Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.

Why consider a structured deposit ISA?

Given the current low interest rates, returns on fixed rate cash ISAs aren't as high as they used to be. However, if you're happy to lock away money for a fixed period, there are some alternative options you may want to consider.

If you're looking for alternatives to fixed rate ISAs that still protect your capital, structured deposit ISAs could be worth considering. Structured deposit ISAs are a type of fixed term deposit plan in which returns are linked to the performance of an underlying asset, such as the FTSE 100 Index.

If you've got a cautious approach to risk, but want the potential for higher returns than those currently offered by traditional fixed term ISAs, structured deposit ISAs may be of interest to you. While returns are not guaranteed, these ISAs do have the benefit of offering the potential for competitive rates of return.

What's the difference between a structured deposit ISA and a regular cash ISA?

A structured cash ISA offers the potential for higher returns than regular cash ISA, but is capital-protected. You can only save up to your maximum ISA allowance into an ISA of any type, including a structured deposit ISA.

Your returns are based on market performance. This means that if your investment performs well, you'll receive your capital back at the end of the term plus any income you made on the initial deposit. In the event that your investment doesn't perform well, your initial capital will be repaid in full, but you will not receive any additional return.

As structured deposit ISAs are cash based, they're eligible for the Financial Services Compensation Scheme (FSCS) - just like a regular cash savings account.

Things to bear in mind when considering a structured deposit ISA

  • A structured cash ISA provides exposure to the stock market without risking your initial capital.
  • Remember that if the deposit taker goes bust, you could lose your capital. Your savings are only protected up to the current FSCS limit per individual, per institution, so it could make sense to spread savings in excess of this amount across several institutions.
  • The term of a structured deposit ISA is usually around three to six years, so you need to be prepared to tie up your cash for that period of time.

To see what structured products might be available you can check the comparison table at the top of this page to view a selection of options. 

Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

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Latest News

Income ISA offers up to 7.60% pa paid quarterly

9th October 2017

Inflation reached as high as 2.9% in August as reported by the Office for National Statistics (ONS). As a result, many individuals are looking for ways to receive more income to combat the effect of rising inflation. 

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