FTSE investment could yield more than capital returns
Monday, January 23, 2006
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Bradford & Bingley has unveiled the 50/50 FTSE Bond, a deposit-based savings account that splits the customer investment two ways.
Half of the investment is placed in a one year fixed term bond paying 7.50 per cent gross p.a. and the other 50 per cent goes into a five year guaranteed equity bond paying 100 per cent of the growth of the FTSE 100 index.
It is covered by the fact that if the market suffers a downturn in the five years length of the bond, the capital investment is returned.
"This is a great product which offers investors the best available returns on this type of account," said Stephen Potter, head of savings at Bradford & Bingley.
"In the current low interest rate environment, investors looking for the potential for a higher return will be rewarded by a great short-term fixed rate and any growth in the stock market over the longer term, whilst not sacrificing the security of their capital."
The bond requires a minimum investment of £1,000 and has no charges or management fees.
Interested in investing your money? Click here:
http://www.europinions-finance.co.uk/investments/investments/
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