Legal & General launches new deposit bond

The fifth edition of Legal & General's six-year bond has been made available for a limited eight-week period until February 25th 2011.

People looking for the best savings interest rates will be interested to hear that there is the possibility for capital growth of 200 per cent of any growth in the FTSE 100 index, up to a maximum of 50 per cent of their original investment.

Investors will also receive their original investment back at the maturity date of the bond, which is March 17th 2017.

Legal & General's head of business development, James Harrington, said: "The continued volatility in investment markets, the return of the spectre of rising inflation coupled with continuing low interest rates are likely to increase demand for structured deposits among cautious investors."

The minimum investment is £500 and the bond is available as a deposit plan and for cash ISA transfers for which there is no maximum.

Legal & General's previous bond offered a FTSE 100 index related return up to a maximum of 45 per cent of the original investment.
 

Moneyextra.com recommends you take independent financial advice before acting on any article

Back

2011-01-05 12:59:25 © Moneyextra.com