Benefit from FTSE 100 growth tax free and capital guaranteed

Leeds Building Society has launched a new product offering customers the security of a 100% capital guarantee, combined with the potential to benefit from any growth in the FTSE 100 index.

The Guaranteed Capital Account provides a minimum return of 120% of the capital invested or up to 160%, dependent upon the performance of the FTSE 100. There is also a 100% capital guarantee and the account has been designed with a 6-year term, allowing the investment longer to grow and mitigate the effects of any short-term stock market fluctuations. The return will also be tax-free if the initial investment is part of an investor’s tax-free allowance, or is transferred from an existing ISA or TOISA account.

Trevor Garside, Head of Financial Services said "The FTSE is showing an upward trend with increases of 11.7% in 2003, 6.7% in 2004, 15.9% in 2005 and 11 % in 2006. Many customers would like to benefit from this growth and this product makes that possible, combining the potential FTSE returns with capital guarantees and a guaranteed minimum return of 120%.

"The combination of a guaranteed return, early investment bonus, potential growth of the stock market and tax free potential make this product attractive, with a place in any investment portfolio. Our specialist Financial Planning Managers are fully qualified to discuss the best investment options for each individual customer’s needs and are available in every branch nationally, or in our call centre, which is based in Leeds."