NatWest has launched a new investment named NatWest Capital Protected Investment, aimed at those looking for growth potential as well as security.
The Capital Protected Investment return will be based on 140% of any FTSE 100 Index growth, up to a maximum of 60% on top of the original investment, whilst the original capital is protected in full. The investment can be used as a stocks and shares ISA or as a stand-alone investment. Transfers-in from existing individual savings accounts (ISA) or personal equity plans are also allowed to provide tax-efficient benefits. The new scheme can be opened with a minimum investment of GBP3,000, the money must be invested for the six-year term for capital protection to apply. This offer is available from October 15, 2007 to December 7, 2007.
Ian Stuttard, NatWest Director of savings and bancassurance, said: In today’s economic climate many investors are looking for a safe place to put their money for the medium to long term. Capital Protected Investment offers a guarantee to protect the original investment whilst offering potentially excellent returns. This offers customers the opportunity to safely secure previous gains from other investments without sacrificing investment growth potential.
It is an ideal way to save towards retirement, children’s education or a special event, safe in the knowledge that your original money will be secure but harnessing the potential of stock market growth.