BOS Offers New Capital-Guaranteed Bonds

by Carla Johnson, Investors Offshore.com

19 July 2006

Bank of Scotland International has introduced two new issues of its “safety first” Capital Guaranteed Savings Bond. In addition to receiving a competitive 9% fixed return on half their investment after just one year and the chance to benefit from potential rises across a multi market ‘basket’ of indices, those investing by 25th of August 2006 will receive an extra boost to their funds with an ‘early bird’ investor bonus.

Michael Chaytor, Head of Retail, Bank of Scotland International comments, “Recent issues of our Sterling and US Dollar Capital Guaranteed Savings Bonds proved to be very popular with our customers. This is why we have decided to offer a similar format with this latest issue. As a well established provider of this kind of innovative account, we know that investors appreciate the successful mix of security and growth potential they find in both the US Dollar and Sterling issues. The initial capital is guaranteed and investors will always get more than their capital back.”

Michael Chaytor adds, “Our early investor bonus is an incentive for customers to invest earlier and a good percentage have taken advantage of our offer. With both the Sterling and US Dollar Capital Guaranteed Savings Bonds Issue 18, if a customer invests by 25th August 2006, the initial holding account will be priced to match the base rate of the relevant currency. If an investment is made on or after 26th August 2006, this will be lowered to 0.20% below the relevant base rate.”

With the Sterling and US Dollar Bonds 18, 50% of the customer’s capital is invested for one year at a fixed return of 9%, maturing on 11 October 2007. The other 50% is invested for five years. At maturity on 11 October 2011, investors get their capital back with the greater of a rate of 10% (1.92 %AER) from 11 October 2006 to 11 October 2011 or a return of 50% of the average percentage rate of increase of the ‘basket’ of funds. The funds tracked are the FTSE 100, Swiss Market Index, Dow Jones Euro STOXX 50 and the Nikkei 225.

The closing date for applications is 2 October 2006 with a minimum opening balance of £10,000 for the Sterling Capital Guaranteed Savings Bond 18 and $20,000 for the US Dollar Capital Guaranteed Savings Bond 18.

For further information on these new Capital Guaranteed Savings Bonds, visit www.bankofscotlandinternational.com or call 01624 644123.

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, ranging from the simplest savings account in different currencies to longer term investment.

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