Third issue for Legal and General Fund Tracker Deposit Bond

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Third issue for Legal and General Fund Tracker Deposit Bond

Those looking for a return on their savings may wish to put some capital into the new issue of Legal and General's Fund Tracker Deposit Bond.

The product offers a five-year fixed-term plan, which follows the performance of the Legal and General Money Builder fund and comes in two versions.

One provides 100 per cent of any growth of the fund up to 50 per cent of the original deposit and the other gives either a ten per cent minimum return or 60 per cent of any growth, whichever is greater.

Jamie Vale, business development director of savings at the firm, said "Because [customers'] money is held on deposit, they have the security of knowing their money is protected in the same way as it is with any other bank or building society account."

Legal and General recently announced that this month's Fundamentals meeting on February 12th will offer advice on how to make the most out of investing in the recovering credits market.

Click here for more banking news ADNFCR-323-ID-19605450-ADNFCR

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