Legal & General six-year Growth Deposit Bond "an attractive proposition"

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Legal & General six-year Growth Deposit Bond "an attractive proposition"

Investors may find the Legal & General Growth Deposit Bond offers an opportunity to make a significant return with little risk, according to the firm.

The product was unveiled on May 4th and is linked to the FTSE 100 index in terms of its added return.

With a minimum of 12 per cent interest over the six-year period, as well as the return of the original deposit, the financial tool is designed to appeal to individuals who want to invest their money for the medium to long term.

James Harrington, head of business development at Legal & General described the product as "an attractive proposition" for investors.

He added: "The six-year Growth Bond gives customers the ability to invest tax-free for a fixed term and with the additional potential for a return linked to the stock market."

This month, the firm highlighted the potential for high returns from commercial estate, but stressed the importance of good stock-picking.

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