The 6 Year Growth Deposit Bond 3, which is available through L&G International’s offshore bond, is open for a period of eight weeks from 23 August. It is a fixed term deposit plan offering 200% of any capital growth in the FSTE 100 index, up to a maximum of 45.5% of their original investment, plus the return on the original investment. It matures on 4 November 2016.
Minimum investment is £500 and the bond is available as a deposit plan (for individuals, pension trustees, charities and corporate applications) and for cash ISA transfers for which there is no maximum.
It is also available as a cash ISA for the 2010/2011 tax year for which the maximum investment is £5,100 (the closing date for ISA applications is 1 October to allow time for completion of transfer before the offer close date).
Legal & General’s head of business development, James Harrington said: “The launch of our third deposit bond this year confirms our commitment to offer customers the opportunity to invest in products with returns reflecting the performance of the FTSE 100 Index, whilst minimising risk.
“6 Year Growth Deposit Bond 3 should prove extremely attractive for many customers who are seeking a potential return that exceeds the rates they could achieve by leaving their money in a traditional deposit account.”
