Barclays Capital launches protected accounts

Barclays Capital has launched two further protected deposit accounts for use in offshore bonds.

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The protected sterling deposit account will return on maturity 1.5 times any growth of the FTSE 100 index over its investment term of four years and nine months, capped at 40%, plus the full initial investment.

Meanwhile, the protected euro deposit account will give investors 1 times the growth of the Euro Stoxx 50 index, capped at 50%, over the four year and nine month term of the investment, plus the full initial capital invested.

Barclays said while the two accounts have been made available in either sterling or euro it can create similar accounts in other key currencies where demand is sufficient. Both accounts are open from the 4 January to 25 February 2011 and require a minimum investment of £50,000 or equivalent.

Access to the deposits is not available directly but via most offshore life bond providers and select UK onshore life insurance company wrappers.

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