Money News
Insurance outfit, Zurich, has launched the next in its series of stock market linked Guaranteed Capital Accounts - each of the accounts due to be open for a set time period. And as one product tranche ends a new one will open, thereby ensuring availability throughout the year.
Available with immediate effect, Zurich Guaranteed Capital Account 15 offers 135% of any growth in the FTSE Index and is open until September 11th. An early bird bonus for customers of 0.33% is payable on applications received before August 20th.
All of the products, which are deposit based with a five and a half year term, will continue to offer full capital security and growth potential with returns linked to the Footsie.
At present, the minimum 100% capital guarantee comes with a maximum growth option of 135% of any growth in the Footsie over the product term. This participation rate may change for future tranches, however.
Also available is an early maturity feature - the account to be closed if the Index has grown by 30% or more on the third anniversary.
Minimum investment is £2,500, maximum £250,000.
27 July 2007 © Moneyextra.com
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