Mar 14 2006
Abbey has launched the Property and Stockmarket Plan (PSP) which will allow investors to take advantage of two indices to make the most of their money.
The PSP is designed as a five-and-a-half or ten-year plan that is linked to any averaged growth in the FTSE 100 Index and the Halifax House Price Index.
Investors can invest up to £7,000 in a tax year but need a minimum of £1,500 to get started.
Abbey believes the two for one style saving plan will appeal to customers because it offers a unique opportunity and reduces the risk of investing in just one market.
Pak Chan, head of investments marketing at Abbey, said: "Customers often want the potential benefits of the property market but without the hassle of purchasing and managing a property.
"The PSP offers an excellent opportunity for ISA investors who need a fresh proposition and don't want to put 'all their eggs in one basket'."
Other ISAs from Abbey include the Guaranteed Growth Plan and Instant Access ISA.
