The Quantum Plus 3 is open for subscriptions until 17 August 2010 and is divided into a one year and five year fixed term Standard Bank deposit, available in sterling US dollar or euro.
The product divides the client’s investment into to equal deposits – Quantum and Plus – which are both designed to return the original deposit, along with the potential gains at their respective maturity dates.
The Quantum portion pays a rate of 4% (AER) and is redeemed after the first full year invested, while the Plus portion is linked to potential stock market growth over the five year period with a 70% participation rate.
David Wilkinson, director of IFA distribution at Standard Bank, said: “Our structured products are designed for depositors who seek capital security and growth potential linked to the performance of a stock market index.
“Quantum Plus 3 has been introduced following the success of Quantum Plus II which was launched earlier this year. It offers returns linked to the performance of equity investments, but without the usual risk of volatile market movements and as with Quantum Plus II we expect to see high demand for this competitive offering.”
Minimum investment amounts are £10,000, $20,000 or €15,000.
