Ninth growth deposit bond from Legal & General

Legal & General has extended its series of structured deposit bonds to nine with the launch of 6 Year Growth Deposit Bond 9, which is open for investment from Monday 15 August to Friday 7 October 2011.

Legal & General's Head of Business Development, James Harrington said, "In its July meeting, the Bank of England (BoE) Monetary Policy Committee (MPC) revealed that an increase in the saving rate is ‘unlikely in the near term'. So it's not surprising we are experiencing continued demand for our Growth Deposit Bond, which offers an attractive minimum return (13.0% - 2.05% AER) at the end of the six year term, the potential for higher returns linked to stock market growth plus protection of investors' initial capital. Good news for savers."

6 Year Growth Deposit Bond 9, offers investors a minimum return of 13.0% at maturity (2.05% AER) or an upside potential of 100% of any capital growth in the FTSE 100 Index (subject to averaging), up to a maximum of 50% of their original investment, whichever is greater. Plus it aims to return the investors' original capital at the end of the six-year fixed term,
26 October 2017.

The minimum investment is £500 and the Bond is available as a deposit plan (for individuals, pension trustees, charities and corporate applications), new cash ISA applications (up to a maximum of £5,340) and for cash ISA transfers for which there is no maximum. The last date for ISA transfers is 23 September to allow time for the completion of transfer before the offer close date. The closing date for all other applications is 7 October 2011.

For more information, visit landgstructuredproducts.com.