New Birmingham Midshires investment schemes launched
www.moneynews.co.uk > General finance > New Birmingham Midshires investment schemes launched
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Money News |
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New Birmingham Midshires investment schemes launched
Mon 11th Apr 2005
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The guaranteed equity bonds are: the 5 Year 20% Minimum Tracker GEB (Issue 4), the Fifty:Fifty Guaranteed Equity Bond (Issue 10) and the 5 Year Double Protection Tracker GEB.
The 5 Year 20% Minimum Tracker gives investors a return of 75 per cent of FTSE growth or a 3.9 per cent AER after five years, whichever the greater.
The Fifty:Fifty bond offers a return of 7.5 per cent gross/AER on half of the balance after 12 months. The other half of the balance is invested in a FTSE tracker that will return 90 per cent of growth after five years.
Birmingham Midshires' 5 Year Double Protection Tracker provides investors with a return whether regardless of how the FTSE 100 performs. Customers are guaranteed either a 2.42 per cent AER return, or 80 per cent of the FTSE growth or decline, whichever the greater.
Richard Brown, head of savings products at Birmingham Midshires, said: "We have guaranteed equity bonds to suit every need. Our new Double Protection Tracker GEB allows us to give investors a return on their money even if the FTSE 100 falls, this is the first time we've been able to offer this win - win opportunity.
"The Bonds provide savers with security in the knowledge that their capital is 100 per cent safe and in a secure home, whilst giving them the opportunity to benefit from growth in the stock market, earn a fixed rate on part of their investment or earn an excellent tax free return in an ISA."
Related News : General finance |
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