Abbey account offers 28% return
Tuesday, 11 Dec 2007 15:44
Abbey International has unveiled a new investment account providing savers with the chance to take advantage of the performance of the UK FTSE 100 Index.
The limited edition Abbey International Capital Guaranteed Dual Option Account – Issue 1 has the potential to return 28 per cent after 3.5 years while also providing guaranteed protection on the original capital.
Stock market-linked accounts, such as Abbey’s latest offering, are new to the offshore market.
They have traditionally been popular with onshore savers looking for a higher return on their investment than mainstream deposit accounts can offer.
Jane Matthews, head of marketing and business development at Abbey, said many investors were now keen to have some exposure to shares to take advantage of equity growth. However, they also wanted to try and limit the risks involved in this kind of investment.
"We have therefore designed this account to give the possibility of a high level of growth and at the same time guarantee the safety of the original capital," she said.
Returns are paid gross. The full 28 per cent growth will be received provided the FTSE 100 Index does not fall below the level it was at when the investment commences on March 14th, 2008.