Zurich launches Guaranteed Capital Accounts

The Zurich Guaranteed Account 20 offers intermediaries and their clients' access to potential stock market returns whilst protecting their clients' original capital investment.

Zurich Guaranteed Capital Account 20 offers 120% of any growth in the FTSE Index and is open until 23 October 2008.

An early bird bonus is available for customers:

• 0.33% is payable for applications received before 29 September 2008

Zurich's Guaranteed Accounts provide intermediaries and their clients with the opportunity to invest throughout the year, as one product tranche closes a new one opens. The deposit based products continue to offer full capital security and growth potential with returns linked to the FTSE 100 Index.

Paul Wright, Zurich's Investment Management Director, comments, "As the credit crunch continues to bite and investors become more risk averse, these types of products are an ideal investment choice for more cautious investors seeking exposure to the stock market whilst still protecting their original capital investment."

Key features of the Capital Account include:

• 100% capital guaranteed
• Gross interest of 120% of any growth in the FTSE 100 Index over five-and-a-half years, but this participation rate may change for future tranches.
• Early maturity feature - 30% gross interest and closure of the account if the Index has grown by 30% or more on the third anniversary.
• Interest on the ISA element is tax-free under current regulations
• 100% allocation
• Minimum and maximum investments £2,500 and £250,000 respectively
• 3.25% initial commission on all monies invested into this account

05 September 2008 © Moneyextra.com

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