Legal & General launch 6 year Growth Deposit Bond 10

Legal & General has launched the tenth plan in its series of structured deposit bonds. The new plan, the 6 Year Growth Deposit Bond 10, opens for investment for seven weeks from Monday 10 October to Friday 25 November 2011.

Legal & General's Head of Business Development, James Harrington said, "We are experiencing continued demand for our Growth Deposit Bond, which at the end of the six year term offers a fixed minimum return and aims to return an investor's initial capital."

The 6 Year Growth Deposit Bond 10, offers investors a minimum return of 9.0% at maturity (1.45% AER) or, if greater 100% of any capital growth in the FTSE 100 Index (subject to averaging), up to a maximum of 50% of their original investment. Investors should also receive the return of their original capital at the end of the six year fixed term, 14 December 2017. If investors take out some or all of their money before the end of the fixed term they may get back substantially less than they originally invested.

The minimum investment is £500 and the Bond is available as a deposit plan (for individuals, pension trustees, charities and corporate applications), new cash ISA applications (up to a maximum of £5,340) and for cash ISA transfers for which there is no maximum. The last date for ISA transfers is 11 November 2011 to allow time for completion of the transfer before the offer close date. The closing date for all other applications is 25 November 2011.