Balanced Savings Plan Issue 16 Summary
| Product | Balanced Savings Plan |
|---|---|
| Channel | CIS |
| Product Structure | Investment is split between a Fixed Term Deposit and a Balanced Savings Plan (Issue 16) |
| Offer period | 28 March 2005 – 13 May 2005 |
| Fixed Term Deposit | 6% gross/AER - Matures in 12 months |
| Balanced Savings Plan (Issue 16) | 75% of any rise in the FTSE 100 index |
| Fixed Term | 20 May 2005 (start date*) - 20 May 2010 (next working day) |
| Index/ Indices & start level/s * | FTSE 100 - 4,971.80 |
| Total investment | Minimum deposit £3,000. Maximum deposit £1,000,000. Original deposit is split equally between the two accounts. |
| Withdrawals | Not permitted |
* This is the date that your Bond is issued on and it acts as the ‘start date’ for the fixed term period. On this date, at the close of business, we record the level of the Index/ indices that the bond is linked to. This reading is known as the start level.
