Cater Allen launches new structured products

Cater Allen, part of the Santander Group, has added two competitive structured products to its range of investment opportunities.

With providers offering low savings interest rates, many people fear their money will be eroded rather than increasing in value, and are therefore looking for other ways to invest their money.

The growth plan seven product offers investors a return on the original investment of 90 per cent of any rise in the FTSE 100 index on maturity over a six year term.

An annual locked in defined return plan has also been offered by the private banking company, which offers investors a choice of a four-year or a six-year term.

The four year term will lock in a return of 4.25 per cent of the original investment after each averaging period where the FTSE 100 index level is at or above the initial index level.

Fernando Gasca, head of structured products at Cater Allen Private Bank, said: "These latest additions to our range of structured products will enable investors to benefit from any future economic improvement, without taking the risk of a stock market correction with their initial investment."

Earlier this week, Legal & General offered a £100 cashback bonus to people transferring their existing ISA to the company during September.

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2010-09-17 13:44:39 © Moneyextra.com