Bank of Scotland International launches Portfolio Plus

The Bank of Scotland International Portfolio Plus Issue One is a new structured deposit product which provides customers with a potential to receive a better return than they would through current cash deposits, whilst guaranteeing their original capital investment.

Bank of Scotland International Portfolio Plus Issue One is a three year sterling product, linked to the FTSE 100 Index, which offers a potential return each year for the three year term of 5% p.a. gross, subject to the FTSE 100 remaining at, or increasing above the start date level. Each year any return is automatically paid into a Bank of Scotland International Matured Funds Account, which enables customers to access the funds. Regardless of market fluctuations, no threat is posed to a customer's original capital upon the product’s maturity.

James Gairdner, Managing Director of Bank of Scotland International comments, “Portfolio Plus provides a great option for those individuals looking to diversify their savings and generate better returns at minimal risk. This new product gives investors the potential of an enhanced deposit rate, whilst protecting their capital.”

There is a minimum investment level of £20,000. The closing date for applications is 25th March 2009. The start date for the product is 30th March 2009. The end date is 30th March 2012.

There is an early investor interest of 3% gross p.a. on applications received between 9th February 2009 and 25th March 2009. The interest is paid into the Matured Funds Account on 30th March 2009.