Alliance & Leicester offers guaranteed investment products
Alliance & Leicester has launched two new guaranteed investment products.
Both the Guaranteed Growth Plan (Issue 20) and the Guaranteed Capital Plus (Issue 7) come with a capital guarantee and a minimum return if held for the full term.
The products are available until 18 March 2009, and have a minimum investment of £1,500.
The Guaranteed Growth Plan is available either for a 3.5 or 5.5 year term. Both terms pay a maximum of 50% of the averaged growth of the Halifax house price index. If the Halifax house price index decreases or stays the same, the 3.5 year term pays a 3% return, and the 5.5 year term pays a 10% return.
The Guaranteed Capital Plus is also available for either 3.5 or 5.5 years. If the FTSE 100 grows by the end of the term, the 3.5 year term pays a 10% return, whilst the 5.5 year term pays a 20% return. If the FTSE 100 stays the same or decreases, both terms guarantee a minimum return of 1%.
Matt Hall, Alliance & Leicester head of savings and investments, said: “The Guaranteed Growth Plan and Guaranteed Capital Plus give investors an exposure to the potentially superior returns available from linking to equity markets or the UK housing market without putting their capital at risk.”
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