Nationwide offering new protected equity bond

A new protected equity bond (PEB) is being launched by Nationwide.

The six-year deal is now on offer as well as the one and three-year combination savings bonds, which pay rates of up to 3.25 per cent and 4.1 per cent.

Customers can hope to get a return of their original investment with the PEB product, which offers a value linked to the performance of the FTSE 100, the S&P 500 and the EuroSTOXX.

They can receive 100 per cent growth on these indices up to a maximum of 55 per cent gross.

Divisional director for savings and investments at the society described the product as ideal for those who are concerned about stock market risks.