Zurich launches next in the series of Guaranteed Accounts

Zurich has launched the next in the series of Guaranteed Capital Accounts, designed to give customers access to a structured product throughout 2007.

Each of the accounts have been open for a set time period and as one product tranche ended a new one opened, ensuring availability throughout the year.

Available from 17 September 2007, Zurich Guaranteed Capital Account 16 offers 140% of any growth in the FTSE Index and is open until 18 December 2007. Two early bird bonus are available for customers :

0.66% is payable for applications received before 15 October 2007
0.33% is payable for applications received before 16 November 2007

All of the products, which are deposit based with a five and a half year term, will continue to offer full capital security and growth potential with returns linked to the FTSE 100 Index.

Paul Wright, Zurich’s Investment Management Director, comments: “These accounts have proved very popular throughout the year and we’re delighted to be able to offer 140% of any growth in the FTSE 100 Index for this tranche, which is the last available in 2007. Because we’ve extended the tranche period we are also able to offer an even more attractive early bird bonus, in addition to the very competitive participation rate”

Key features of all the Capital Accounts include :

100% capital guaranteed
Gross interest of a specified percentage of any growth in the FTSE 100 Index over five-and-a-half years, currently 140%, but this participation rate may change for future tranches.
Early maturity feature – 30% gross interest and closure of the account if the Index has grown by 30% or more on the third anniversary.
Interest on the ISA element is tax-free under current regulations
3.25% initial commission on all monies invested into this account