Abbey launches 50% growth plan

Abbey has launched a new 50 per cent Growth Plan linked to the FTSE 100. If the Index has risen by any amount at the end of its full term, the Plan will pay back 50 per cent on the initial investment. Should the Index not change or fall during the term, customers still receive their initial capital plus a return of six per cent.

The guaranteed return of capital and potential for 50 per cent return only apply if customers leave their money invested for the full term.

Reza Attar-Zadeh, Head of Savings and Investments at Abbey, said “The 50 per cent Growth Plan offers customers a capital secure way of investing in the stockmarket and generating a high probability of a return well in excess of current savings rates. Historic analysis of the FTSE 100 has revealed that on 76 per cent of occasions the 50 per cent return has been achieved.”

Minimum investment in the Plan is £1,500. The Plan is available until 16 October 2007.