Zurich launches Triple Account (ZTA)

Available immediately, the Zurich Triple Account (ZTA) builds on the success of previous structured accounts.  It offers intermediaries and their clients' three opportunities to earn interest during its five-year term.

This includes a one-off fixed interest payment of 5% gross/0.98% AER at maturity; the possibility of earning up to a further 6.5% interest per year and a potential bonus payment of 20% at maturity.

Provided by Dunbar Bank, Zurich's Triple Account is a deposit based account that enables investors to link their potential interest to the success of the 15 largest companies listed in the FTSE 100 index.  It is not linked to changes in the Bank of England Base Rate.

Applications must be received by 8 June 2010 and those submitted by 11 May will be eligible for an early bird bonus of 0.33%.

Paul Wright, Zurich's Investment Management Director, comments: "With indications that economic recovery is underway, the potential for returns underpinned by financial security remain key priorities for investors."

"For many investors, the Zurich Triple Account could be an ideal vehicle for investors keen to harness the potential growth from the largest FTSE companies without having to take all of the risks usually associated with a direct investment in equities - as their original capital remains protected."

Key features of this Account include:

Capital protected
Interest on the ISA element is tax-free under current regulations
Minimum investment is £5,000
The first £5,100 of any investment can be the client's Cash ISA contribution for the 2010/11 tax year.

Wright concludes, "With historically low interest rates and ongoing stock market fluctuation, we believe the Zurich Triple Account offers a stable  investment option for capital, with an underpin of 1% gross interest each year and the potential for higher returns if the top fifteen FTSE companies perform.