Updated Abbey Guaranteed Growth Plan launched

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www.moneynews.co.uk > General finance > Updated Abbey Guaranteed Growth Plan launched

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Updated Abbey Guaranteed Growth Plan launched

A sixth issue of the Abbey Guaranteed Growth Plan has been introduced to the market, offering customers a guaranteed return of at least their individual investment.

If the original sum is not touched for the full term of five and a half years, it is guaranteed to be returned in full. Additionally, 21 per cent is the minimum guaranteed return when the term has ended.

A maximum return of 55 per cent can be earned when investing in the Abbey Guaranteed Growth Plan as any profit is linked to the performance of the FTSE100 Index.

Pak Chan, head of investments marketing at Abbey, remarked: "Abbey research has shown that investors who are cautious of investing in the stock market are attracted by the possibility of protecting their capital.

"The Abbey Guaranteed Growt h Plan aims to address this by guaranteeing to protect people’s [curly] initial investment and also give them a guaranteed minimum return if held to maturity."

There is a minimum investment of £1,500 for the Abbey Guaranteed Growth Plan and customers are urged to take up the investment, only if they will not withdraw any of their money within the five and a half year period as this could result in them not receiving all of the initial sum invested.

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