New Santander investment product offers security and flexibility

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New Santander investment product offers security and flexibility

Wed 28th Apr 2010

A new product from Santander subsidiary Cater Allen Private Bank could offer people a combination of security and flexibility in their investment strategy, according to a representative from the firm.

Fernando Gasca, head of structured products at Cater Allen, made his comments regarding the Guaranteed Step-Up Income Plan, which offers a minimum return of 6.75 per cent and an annual bonus related to the performance of the FTSE 100.

He explained that each investor has different requirements and this product was introduced to help cater for more investment strategies.

"This will give our customers the security of knowing they are guaranteed a return while at the same time the flexibility of being able to benefit from a strong UK market," remarked Mr Gasca.

The financial tool offered by the Santander-owned organisation has a 100 per cent capital guarantee at maturity.

Last month, Cater Allen reissued its Capital Guaranteed Growth Plan 5, which has no upper limit on the potential return over the duration of the investment.

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