BOS Announces Capital Guaranteed Bond

by Carla Johnson, Investors Offshore.com

13 October 2006

Bank of Scotland International has announced its new Sterling Capital Guaranteed Savings Bond 19, with which customers can earn a 10% fixed rate on half their investment after just one year, while the other half will earn them a high participation rate in the performance of a multi ‘basket’ of indices over 5 years.

David Ogilvie, Head of Sales, Marketing and Products, Bank of Scotland International comments, “We are committed to offering our customers value for their money and with this kind of innovative account we are able to provide a real alternative to ordinary deposit accounts. Put simply, this new Bond gives customers two investments in one with half their investment receiving a highly competitive 10% fixed return after just one year. The other half of their investment will benefit from potential rises across the basket of indices. The initial capital is guaranteed and investors will always get more than their capital back.”

With this Sterling Bond, 50% of the customer’s capital is invested for one year at a fixed return of 10%, maturing on 21 December 2007. The other 50% is invested for five years, tracking the FTSE 100 index, Swiss Market Index, Dow Jones Euro STOXX 50 and the Nikkei 225. Investors will benefit from 80% of the average rate of increase of the four indices over the five year period. This matures on 21 December 2011.

The closing date for applications is 14 December 2006 with a minimum opening balance of £10,000.

David Ogilvie adds, “To encourage earlier participation, we have set an early investor bonus on our Sterling Capital Guaranteed Savings Bond 19. Customers investing prior to 18 November 2006 will receive a return on their capital equivalent to Base Rate. If an investment is made on 18 November 2006 or after, the rate will be lowered to 0.20% below base rate, until the start of the Bond.”

Bank of Scotland International offers a comprehensive range of banking and savings solutions worldwide from its offices in Jersey and Isle of Man. Bank of Scotland International provides financial support to expatriates, international clients and the UK, Isle of Man and Channel Island communities. As part of the HBOS group, Bank of Scotland International enjoys a Standard & Poor’s long-term AA credit rating and Moody’s Aa2 long-term credit rating.

Recommended