Abbey and Alliance & Leicester: New investments

Wednesday, 18 November 2009 12:00

Abbey and Alliance & Leicester have just unveiled their latest range of guaranteed investment plans for customers with a minimum of £1,500.

The new editions of the Guaranteed Growth Plan and Guaranteed Capital Plus products are for savers who want the security of knowing their original investment will be returned plus a minimum return.

Simon Taylor, head of investments for the banks, said: "Our latest range of guaranteed investment products is designed to appeal to savers looking for potentially greater returns than those currently available on standard cash savings accounts but without risk to their capital."

An 11 per cent gross return is promised for investors taking out the Guaranteed Growth Plan, a five-and-a-half year product which matures according to the growth of the FTSE 100 index.

A version which is linked to the growth of the Halifax House Price index is also available.

And the Guaranteed Capital Plus also comes in two versions. There's a 3.75-year product linked to the FTSE 100 which promises maximum returns of 16 per cent and minimum interest of 0.25 per cent.

Or there is a five-and-a-half-year version which offers a maximum return of 35 per cent, if the FTSE stays the same or increases at the end of the term, or a minimum of 0.5 per cent.

Compare investment options

• Tags:
• products and companies