The range offers a variety of risk and return profiles, in both deposit and investment vehicles, all based on the performance of stocks in the FTSE 100.
The current range of plans open from 21 November to 13 January is:
Deposit
- FTSE 100 Kick-Out Deposit Plan 25: 6% gross pa for maturity at the end of years 1, 2, 3, or 4 if FTSE 100 above starting level; or 6.25% gross pa for maturity at the end of years 2, 3, or 4 if FTSE 100 above starting level.
- FTSE 100 3 Year Deposit Plan 30: 19% if FTSE 100 is higher after three years; or 16% if FTSE 100 is higher after three years or 3% minimum return.
- Deposit Growth Plan 13: 100% of any rise n FTSE 100; or 135% of any rise in EVEN 30 (EVEN stands for Equity index, Volatility driven, Equally-weighted, No dividends, no fees or charges).
Investment
- FTSE 100 Enhanced Kick-Out Plan 25: 13.5% gross pa for the Investec option; or 11% gross pa for the UK 5 option.
- FTSE 100 Geared Returns Plan 30: The Investec option is a 75% return if the FTSE 100 is higher after five years; the UK 5 option gives 62.5% return.
- FTSE 100 Accelerated Growth Plan 30: 200% of any rise in the FTSE 100 with no upper limit on the maximum return.
- FTSE 100 Bonus Income Plan 20: An Investec option of five annual fixed payments equal to 6.75%, with potential annual bonus payments of 0.50%, or 60 monthly fixed payments equal to 0.54%, with potential monthly bonus payments of 0.04%; or the UK 5 option of five annual fixed payments equal to 6.25%, with potential annual bonus payments of 0.50%, or 60 monthly fixed payments equal to 0.50%, with potential monthly bonus payments of 0.04%.
Gary Dale, head of intermediary sales said: “Following on from our last collection we have again increased the coupon payments on our most popular structured deposits and structured investments. We are seeing the pricing environment with regards to interest rates and volatility continue to tighten but even given this backdrop, we are still finding it possible, given our dynamic approach to hedging these products, to keep our competitive plans continuously available; a key factor in our success with intermediaries.”
