NatWest: New investment with protection and growth
Wednesday, 24 Oct 2007 16:42
NatWest is launching a new six-year capital protected investment product.
The Capital Protected Investment return will be based on 140 per cent of any FTSE 100 Index growth up to 60 per cent on top of an original investment.
The product can be used as a stocks and shares ISA or a stand alone product, with a minimum investment of £3,000.
Ian Stuttard, NatWest director of savings and bancassurance, said: "In today's economic climate many investors are looking for a safe place to put their money for the medium to long term.
"Capital Protected Investment offers a guarantee to protect the original investment whilst offering potentially excellent returns. This offers customers the opportunity to safely secure previous gains from other investments without sacrificing investment growth potential.
"It is an ideal way to save towards retirement, children's education or a special event, safe in the knowledge that your original money will be secure but harnessing the potential of stock market growth".
The offer is open until December 7th 2007 or November 16th for ISA or PEP transfers.
The first investment term ends in December 2013.