Bank of Scotland launches new Investment Account

Bank of Scotland International has launched its new Five Year Sterling Capital Guaranteed Savings 'Bond 22', which guarantees customers' initial capital investment and gives them the opportunity to benefit from any growth or fall of the FTSE 100 Index.

At the end of the five years, customers will receive their initial investment back, along with 80% of the average percentage rate increase or decrease of the FTSE 100 Index, or a total return of 10% gross regardless of the FTSE performance, whichever is the greatest amount.

If the FTSE 100 Index increases customers will receive 80% of any growth. If the FTSE 100 Index decreases, customers will receive 80% of the decline as a positive return. For the purposes of calculating the 80% return, any fall in the Index will be treated as if it were a rise in the Index.

The minimum investment level is £10,000. The account is available from 6th June 2007 and the closing date for applications is 24th July 2007. The account will mature on 31st July 2012.

Tony Wilcox, Managing Director at Bank of Scotland International, says: "Bond 22 is a risk-free investment which enables customers to benefit from the performance of the FTSE 100 Index, whilst guaranteeing their initial capital investment.

"Even if the index stays the same, customers will receive at least 100% of their original investment back along with the minimum return of 10%."