9 November 2006. Zurich has launched a new version of its Guaranteed Capital Account, a deposit account that combines a money-back guarantee and interest linked to stock market growth.
The Zurich Guaranteed Capital Account is a five-and-a-half year bank deposit account aimed at intermediaries with cautious clients looking for a capital-secure investment. This latest version of the account offers 130% of any growth in the FTSE 100 Index over five-and-a-half years.
The launch of this product demonstrates Zurich's ongoing commitment to offering intermediaries and their customers a choice of solutions that respond to the changing world we live in.
Available for a limited time only (applications must be received by 15 December 2006) the account, which is available through IFAs, comes with an 'early bird' incentive that will see a bonus paid on applications received before 15 November.
Key features of the account include:
· 100% capital guaranteed
· Gross interest equivalent to 130% of any growth in the FTSE 100 Index over five-and-a-half years or
· Early maturity feature - 30% gross interest and closure of the account if the Index has grown by 30% or more on the third anniversary.
· Interest on the ISA element is tax-free under current regulations
· 100% allocation
· Minimum and maximum investments £2,500 and £250,000 respectively
· 3.25% initial commission on all monies invested into this account
· Early Bird bonus for customers of 0.33% on applications received by 15 November 2006.
Commenting, Paul Wright, Zurich's Investment Management Director said:
"Our previous Guaranteed Accounts have proved extremely popular, the last version taking over £20m in investment. Intermediaries and their clients appreciate the benefits of an investment that offers both security and stock market linked returns. Early indications suggest that this latest version will continue this trend."
Media information:
For further information, please contact:
Nicola Bryson, Senior Media Relations Consultant - Life, Tel : 01793 503354
Notes to editors:
· Minimum and maximum investments £2,500 and £250,000 respectively
· 3.25% initial commission on all monies invested into this account
Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 55,000 people serving customers in more than 120 countries.
