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.
