Apr 28 2006
Building society Britannia is giving investors with at least £500 to spare the chance to benefit from stock market growth with four new bonds.
The first is a five year guaranteed return capital bond offering ten per cent profit on a savers original capital or 80 per cent minimum return linked to the FTSE 100, depending on which is greater.
Britannia is launching a three year guaranteed capital bond at 65 per cent of any growth over the period.
This bond is also available to savers at 110 per cent rate over five years for investors who put in between £500 and £1 million of funds.
A balanced guaranteed bond is also on offer where investors will see there savings split with one third in a one year fixed rate bond at seven per cent AER and the other two-thirds in a five year guaranteed equity bond at a rate of 65 per cent of FTSE growth.
Phil Stubbins, savings and investment manager at Britannia, said: "These four new bonds are a great way for customers to invest in the stock market with the minimum amount of risk, as their original capital is protected and of course, there is the possibility of greater gain through the rise of the FTSE."
