New engage investment account launched

Fri, 16 Jun 2006

engage Mutual Assurance has launched a new guaranteed equity bond available to early 2006 individual savings account investors.

The investment, provided by Abbey, offers 120 per cent of any growth of the FTSE 100 index, with a full capital guarantee provided the bond is held to maturity.

Only available until June 27th 2006, the limited-edition investment bond has attracted four times as many online enquiries as the next most popular.

Karl Elliott, marketing director at engage Mutual Assurance, commented: "We believe this bond provides a simple and sensible way to link an investment to the performance of the FTSE 100 and potentially provide higher returns than a traditional cash deposit individual savings account.

Mr Elliott continued that for consumers who have already taken out their individual savings account allowance for this year, the 120 per cent rate is the most attractive feature.

"We’re confident that this new guaranteed equity bond 120 has the right balance of risk versus reward," he added.

Potential investors looking for a long-term investment plan might want to look at a different Abbey product, as the company recently launched its fourth guaranteed growth plan.

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