The five-and-a-half-year structured deposit account, which tracks the performance of the RBS UK Navigator Index product, has a £10,000 minimum deposit and is designed to “capture growth in bull and bear markets”, NatWestIPB said in a statement announcing its launch.
Although technically on offer since 29 November, it is only now being marketed to investors who are not already NatWest IPB clients, a spokeswoman said, with the offer period running until 11 February.
Return ‘equal to 100% of growth’
The projected return on the Navigator International account is 100% of the growth in the RBS UK Navigator Index after five years, according to NatWest IPB. It notes that this compares favourably in the current investment environment, where interest rates are at historic lows. As is the norm with such products, investors’ capital is fully protected provided the account is held until maturity.
|Offer period||29 Nov 2010 — 11 Feb 2011|
|Last date for applications||11 February 2011|
|Last date for funds||3 March 2011|
|Start date||10 march 2011|