Bank of Ireland Offshore launches the Guaranteed Return Equity Bond

Isle News, 6 October 2009 – Bank of Ireland Offshore has announced the launch of the second issue of the Guaranteed Return Equity Bond.  

The bond is a 100% capital protected fixed term deposit bond over five years that works out the return depending on the performance of the FTSE^® 100 index, with the added reassurance of a minimum guaranteed return of 10% gross/1.92% AER. 

The deposit is linked to, but not invested directly in, the FTSE^® 100 index.  It will therefore not benefit from individual dividend income or the reinvestment opportunity from the companies listed in the index.  Although the initial capital is secure, its value could be eroded by the effects of inflation. 

Michael McKay, Managing Director for Bank of Ireland Offshore, said: 

“Given current market conditions, we believe that our latest product will prove to be popular with those customers who are looking for a guaranteed rate of return with the unlimited growth potential of one of world’s best known financial markets – without the risk of losing their capital.” 

The bond will only be available for a limited period and closes on 27^th November 2009, or earlier if oversubscribed.  The minimum deposit is £5,000 with a maximum of £1 million.

Popularity: 1% [?]

Related posts:

1. New Guaranteed Bonds offer Isle of Man savers a higher potential return
2. Guaranteed Capital Bond’s new issue offers potential return of 11% gross over 3 years
3. Guaranteed bond offers potential for strong annual returns.
4. Guaranteed bond offers potential for good returns.
5. Risk free guaranteed bond offers potential to out perform standard savings products.