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FTSE Deposit from Investec takes the plaudits

FTSE Deposit from Investec takes the plaudits

Category: Investments

Updated: 21/05/2010
First Published: 14/05/2010

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Investec Bank has given investors the chance to reap the rewards of rises in the stock market with a couple of products that also offers protection should the FTSE 100 fall.

The 3 Year FTSE 100 Deposit Plan 17 is a structured product that requires a minimum investment of £1500 for a three year term, available in two options.

Option 1: on maturity the plan pays a fixed return of 16% if the FTSE 100 rises.

Option 2: on maturity plan pays a fixed return of 13% if the FTSE 100 rises, or if this is not the case, a minimum return of 3% plus the original capital on maturity.

The 5 Year FTSE 100 Plan 15 also requires a £1500 minimum investment for a five year term, and is available in two options

Option 1: on maturity the plan pays a fixed return of 37.5% if the FTSE 100 rises

Option 2: on maturity plan pays a fixed return of 27.5% if the FTSE 100 rises, or if this is not the case, a minimum return of 10% plus the original capital on maturity.

The product is also available within an ISA wrapper or SIPP/SSAS. Potential returns are subject to income tax. Offer closes 28.05.2010. Start date 15.06.2010.

Offering the choice of a fixed return in the case of a rise in the FTSE 100 or a small guaranteed return, but with a lesser interest rate if the stock market doesn't rise, these products could attract investors looking to hedge their bets, or those willing to bet on a stock market surge safe in the knowledge that their original funds will be returned.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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