Nationwide offers Legal & General GEB

From Monday 10 August Nationwide Building Society will offer a new Legal & General (L&G) Capital Guaranteed Multi-Index Equity Bond (GEB) with the potential for stock market linked growth of up to 55% of the original investment at the end of six years. If the maximum potential growth is achieved this is equivalent to 7.57% AER. The GEB comes with a capital guarantee that ensures no matter how the markets perform, customers will still receive their original capital back if held to the end of the six year fixed term.

Robin Bailey, Nationwide's divisional director for investments, said: "For savers looking for exposure to equities, whilst minimising the risk to their capital, this GEB could be a great choice. It offers peace of mind by guaranteeing to return the original investment if held until the end of the six year term while offering the potential to benefit from the growth of three of the world's leading stock market indices.

"We are also able to offer the GEB as both a deposit plan and as a cash ISA - designed with the aim of helping customers make more of their annual tax free allowance for the current tax year, while also accepting unlimited transfers in from previous years' cash ISAs.

"In addition, as Nationwide is the deposit taker and holds the capital while it is invested, customers may also benefit from the protection provided under the Financial Services Compensation Scheme which covers the first £50,000 of a claim."

For more information, visit nationwide.co.uk.