New deposit bond launched by Legal & General

Legal & General has launched a new six-year deposit bond, the third plan in its series.

The bond, which offers savers the potential for capital growth linked to the performance of the FTSE 100 Index, also protects the original capital.

It is available for a limited eight-week period until October 15th 2010, offering consumers up to a maximum of 45.5 per cent of their original investment on top of their capital.

Legal & General's head of business development James Harrington said the launch confirmed the firm's commitment to offering customers the opportunity to invest in products with returns reflecting the performance of the FTSE 100 Index, while minimising risk.

He added: "Six-Year Growth Deposit Bond 3 should prove extremely attractive for many customers who are seeking a potential return that exceeds the rates they could achieve by leaving their money in a traditional deposit account.

"This launch is particularly timely [given] the prospect of a long period of relatively high inflation in the UK."

Motoring specialist and finance firm the AA has launched a new internet access account, offering savings interest rates of up to 2.7 per cent. 

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2010-08-24 12:17:33 © Moneyextra.com