Abbey and A&L launch new guaranteed investment products

On Friday 4 September, Abbey and Alliance & Leicester are launching their latest range of guaranteed investment products for savers looking for the security of a capital guarantee with a minimum return, providing they are held for the full term.

Pak Chan, Head of Investments, said: "Our new range of investment products is designed to appeal to investors who are looking for highly attractive potential returns but also want to retain the peace of mind that comes with having their capital protected. Savers' monies are invested with Abbey and provided by Abbey, all with the backing and strength of one of the world's largest banks, Santander, so investors have peace of mind knowing their money is safe."

Pak Chan continues: "Our latest range offers savers the chance to tip their toe into equities without any risk to their capital, and with the chance of potentially greater returns than they may get on cash savings in today's low interest rate environment."

There are two ways to invest in the plans:

Outside an ISA - Annual Capital Gains Tax allowance can be used to mitigate any potential liability (currently £10,100 for 2009/10)

Within an ISA (only available for the 5.5 year options) - under current tax legislation, returns will be free of Income Tax and Capital Gains Tax.

The product will be of interest to customers who are willing to keep their money invested for the full 3.75 or 5.5 year term and can also be used as the investment element of the Abbey and Alliance & Leicester Super Saver and Super Direct ISA.

These offers are only available for a limited time and investors who wish to apply can visit an Abbey or Alliance & Leicester branch to book an appointment with a Financial Advisor.