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Newcastle Building Society has announced the launch of its new 5 year Guaranteed Return Account - the account designed to provide investors with the opportunity to invest risk free and achieve a return based on the performance of the FTSE 100 index, through July 8th 2013.

Those investing in the GRA will receive either 50% of any growth performance on the Footsie, or a minimum of 15% over the term - whichever is higher.

Minimum investment is £500; maximum £1,000,000 - early bird investors guaranteed the equivalent of 5.25% gross pa until the plan goes live on July 8th 2008.

01 May 2008 © Moneyextra.com

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