New guaranteed investment products from Santander and A&L

From Thursday 4 March, Santander and Alliance & Leicester will be launching their latest range of guaranteed investment products for customers looking for the security of a capital guarantee as well as a minimum return if held for the full term.

Reza Attar-Zadeh, Director of Savings and Investments, said: "Our structured product range is aimed at customers who are happy to lock their money away for a fixed period and looking for potentially greater returns than those currently available on standard cash based savings accounts.  We recognise that not all investors are happy to take the risks associated with non-capital guaranteed products.  This investment offers capital guarantee, a minimum return and the potential for more.

Reza Attar-Zadeh continues "The guarantee on the return of capital is ultimately provided by Santander UK plc, which is currently rated AA by Standard and Poor's, thus giving savers the additional reassurance that their money is with a financially safe and secure bank".

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. Everyone can benefit from the new increased ISA limit of £10,200 from 6 April 2010.

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