Santander's Cater Allen has launched the first product in a new series of offshore retail products dubbed Annual Locked-In Return Plan. Issue 1 of this digital growth product attributes 7.5% for each year of the product's six-year life on which the FTSE100 is at or above its initial level and nothing otherwise.
The product is open now and closes 10 June alongside the provider's other offering, the tenth issue in the Annual Growth Plan series, an uncapped call on the FTSE with 100% participation.
Annual Locked-In Return Plan 1 is a deposit available in an offshore life bond, and also pensionable and Isable.
These products are available now in Recent Additions (UK and Offshore & Other).