RSS Feed

Related Articles

Related Categories

Fourth 6 Year Growth Deposit Bond from Legal & General

19th October 2010 Print

The fourth plan in Legal & General's series of structured deposit bonds, 6 Year Growth Deposit Bond 4, is available to IFAs for a limited 10 week period from Monday 18 October to Friday 24 December 2010.

The structured deposit offers savers the potential for capital growth and is designed to pay back their original capital provided they remain invested for the 6 year fixed term.

6 Year Growth Deposit Bond 4 is a six year fixed term deposit plan that offers investors 200% of any capital growth in the FTSE 100 Index, up to a maximum of 45% of their original investment, plus the return of their original investment at the maturity date, which is 12 January 2017.

Legal & General's Head of Business Development, James Harrington 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. 6 Year Growth Deposit Bond 4 returns reflect the performance of the FTSE 100 Index, whilst minimising risk and 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."

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. It is also available as a cash ISA for the 2010/2011 tax year for which the maximum investment is £5,100 (the closing date for ISA applications is 10 December to allow time for completion of transfer before the offer close date).