High-street bank Abbey has launched a new Guaranteed Options Plan, offering customers two investment options to choose from.
Both options will be guaranteed to provide capital repayment at maturity at the end of March 2006.
The first option offers guaranteed growth of four per cent, meaning that it is potentially equivalent to 6.66 per cent gross for higher-rate taxpayers.
The plan's second option provides the potential for a 20 per cent growth in investment, as long as the FTSE 100 index does not gain or lose ten per cent during the one-year investment term.
This investment plan is based on a minimum starting capital of £3,000, and is only available through Abbey's intermediary distribution arm, Abbey for Intermediaries.
Potential investors are strongly advised to discuss the scheme with an independent financial advisor before investing.
Abbey launches new investment opportunity
Financial Services > e-banking > Banking news
Abbey launches new investment opportunity
Mon, 25 Apr 2005
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