Fourth 6-year growth deposit bond from Legal & General

The fourth plan in Legal & General's series of structured deposit bonds is available to independent financial advisors for a limited ten week period until Friday December 24th.

Legal & General's new product offers savers the potential for capital growth and is designed to pay back their original capital, provided they remain invested for the six-year fixed-term, which offers a better return than the best savings rates currently available.

The six-year fixed-term deposit plan offers investors 200 per cent of any capital growth in the FTSE 100 index, up to a maximum of 45 per cent of their original investment, plus the return of their original investment at the 2017 maturity date.

James Harrington, Legal & General's head of business development, said: "The launch of our fourth deposit bond offers investors the opportunity to put a cautious toe in the water with a stock market linked investment without having to invest directly in stocks and shares."

The minimum investment is £500 and the bond is available as a deposit plan for individuals, pension trustees, charities and corporate applications and for cash ISA transfers for which there is no maximum.
 

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2010-10-20 12:56:27 © Moneyextra.com