Bank of Scotland International launches new Investment Account

Bank of Scotland International has launched its new 50:50 Five Year Sterling and US Dollar Capital Guaranteed Savings 'Bond 21', which guarantees customers' initial capital investment and gives them the opportunity to benefit from the growth potential of the stock market.

The minimum investment level is £10,000 for the Sterling account and $20,000 for the US Dollar account. The account is available from 22nd March 2007 and the closing date for applications is 14th June 2007.

Five Year Capital Guaranteed Savings 'Bond 21'

Under the Five Year Capital Guaranteed Savings 'Bond 21', half of the capital is invested for just one year at a fixed rate of 12% p.a. The other half of the capital is linked to the performance of a 'basket' of indices over five years. The 'basket' is made up of the Swiss Market Index, Dow Jones EURO STOXX50 and the Nikkei 225.

At the end of the five years, customers on the Sterling Capital Guaranteed Savings 'Bond 21' will receive the remaining half of the capital, along with 83% of the average percentage rate increase of the 'basket' of indices. At this time, customers on the US Dollar Capital Guaranteed Savings 'Bond 21' will also receive the remaining half of the capital, along with 64% of the average percentage rate increase of the 'basket' of indices.

The 12% p.a. one year fixed term on these accounts will mature on 21st June 2008. The five year fixed term will mature on 21st June 2012.

Tony Wilcox, Managing Director at Bank of Scotland International, says: "Bond 21 not only provides customers with a guarantee on their initial capital investment, but also gives them the opportunity to benefit from the growth potential of the stock market."