UK’s Jubilee and Lloyds TSB link up for new product

Jubilee Financial Products has launched the Growth Deposit Account Issue 1 alongside Early Redemption Plan Issue Seven.

The six-year, fully-protected Growth Deposit Account Issue 1 provides 120% participation in the rise of the FTSE100, subject to a maximum capital return of 160%. Final averaging takes place on a monthly basis throughout the last year of investment.

The deposit taker for the product is Lloyds TSB Bank and the administrator is Bank of New York Mellon. Lloyds TSB had an A+ S&P rating at the time of launch.

The five-year Early Redemption Plan Issue Seven has a maximum knockout return of 130%.

Both products are open until 9 April.

These products are available now in Recent Additions (UK).