Monday 1st September 2008
Bank of Scotland International has launched its new Nikkei Supertracker Capital Guaranteed Savings Bond. The deposit is available in Sterling and US dollars and has a fixed term of five years.
The Nikkei Supertracker not only guarantees customers' initial capital investment, but also provides the opportunity to benefit from the performance of the Nikkei 225 Index over five years.
Upon maturity, Sterling investors will receive their initial investment back, along with 490% of any index performance, subject to a maximum return of 49%. Customers of the US dollar deposit will also receive their investment back, along with 333% of any index performance, subject to a maximum return of 33.3%.
The minimum investment level is £10,000 or $20,000. The five year fixed term will mature on 28th October 2013.
Example of returns – For Sterling investors
| Average index performance after five years | Initial investment return | Overall return (assuming £10,000 deposited) |
| -5% | 100% | £10,000 |
| 0% | 100% | £10,000 |
| +5% | 124.5% | £12,450 |
| +7% | 134.3% | £13,340 |
| +10% | 149% | £14,900 |
| +15% | 149% | £14,900 |
The Halifax International Fixed Rate Web Saver account has a minimum opening balance of £1,000 and a maximum investment balance of £1m. The account also offers two and three year terms, for which the rate remains unchanged at 6.00% gross p.a.
Interest is paid on the six month and one year account on maturity. For the two and three year term account, interest is paid annually. The interest payment is credited to a Variable Rate Halifax International Web Saver account which must be opened by the customer at the outset.
This account is only available in Sterling. It can be opened by phone or online and can be managed by phone or online 24 hours a day, seven days a week.
Sterling Variable Rate Halifax International Web Saver
Halifax International has increased the interest rate on its online Sterling Variable Rate Web Saver account for balances over £25,000 to 6.30%. The rate on the lower tier for balances over £5,000 remains at 5.90% and the rate for balances between £1,000 and £5,000 is being reduced to 5.40%.
| Average index performance after five year | Initial investment return | Overall return (assuming $20,000 deposited) |
| -5% | 100% | $20,000 |
| 0% | 100% | $20,000 |
| +5% | 116.5% | $23,320 |
| +7% | 123.3% | $24,660 |
| +10% | 133.3% | $26,660 |
| +15% | 133.3% | $26,660 |
James Gairdner, managing director at Bank of Scotland International, says:
"The Bank of Scotland International Nikkei Supertracker offers investors, the opportunity to participate in the performance of the Nikkei 225 Index, without risk to their capital. Even if the index only grows moderately over the five year term, investors will see good returns on their investment, making it a good alternative investment to cash deposits"
Ends.
Editors' Notes
All applications received before 23rd October 2008 will receive 0.06% below the Bank of England base rate for Sterling investors and the US Federal Funds target rate for US dollar deposits until 24th 2008 inclusive.
Bank of Scotland International offers a range of services to suit the needs of customers all over the globe. This includes everything from offshore banking and savings accounts, offshore mortgages and financial planning.
For further information please visit about visit www.bankofscotland-international.com/structured-products/nikkei-supertracker.asp or call 01534 613514.
