Standard Life International has added a series of structured deposit accounts to its offshore bond.
The Dublin-domiciled insurer said the four products met a need for investments that offer capital security with the opportunity for returns above those offered by cash deposits.
The products offered within Standard Life’s International Bond are from Barclays Capital, Cater Allen, RBS and Zurich, providing a range of options in terms of payoff and asset class exposure.
Mark Polson, head of customer management for Standard Life, said: "With the Bank of England base rate at an historic low and the uncertain economic climate, the combination of capital security and potential returns offered by a structured deposit account make them an attractive investment option at this time."
Among the benefits of combining an offshore bond and structured deposits, according to Standard Life, are:
• Tax-free growth – Investments in an offshore bond grow virtually free of tax.
• Capital protection – clients will get back at least 100% of their initial investment at the end of the structured deposit term (before the deduction of International Bond product charges).
• Potentially higher returns than a traditional deposit account, depending on investment performance.