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New investments product launched by financial services provider
Thu, 01 Feb 2007
Banking customers who want to build their investments portfolio have been alerted to the launch of a new investments product from Leeds Building Society , which tracks the performance of the largest companies on the London Stock Exchange .

The financial services provider's Guaranteed Capital Account, which is available to investors now, offers a minimum 120 per cent return on the capital invested, meaning investors are guaranteed to make a profit.

However, this figure could potentially rise to 160 per cent, depending upon the success of companies registered on the FTSE 100 share index.

The investments account has a scheduled six-year term and is expected to reach maturity on April 26th 2013.

And Trevor Garside, head of financial services at Leeds Building Society, explained why he felt it would offer strong returns on investments.

"The FTSE is showing an upward trend with increases of 11.7 per cent in 2003, 6.7 per cent in 2004, 15.9 per cent in 2005 and 11 per cent in 2006," he said.

"Many customers would like to benefit from this growth and this product makes that possible."

The FTSE 100 tracks the market capitalisations of 100 of the largest companies listed on the London Stock Exchange and currently features banking institutions such as Barclays and HBOS.

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