Birmingham Mid GEISA 50.40% AER 5 YEARS

Dooooooooooooooonut

Even worse then from the sounds of it

Calchas

Calchas wrote: »

The circumstances as far as I was concerned was that I hadn't used up any of my tax free allowance.

I wanted it in cash.

This product became more and more attractive purely because what has and is happening to interest rates.

If the worse comes to the worse, in five years I will still have £3,600, I will have used this years allowance and I can live with the loss.

Best case scenario is that it will be worth around 5.4K

The determining factor is if the average of the FTSE 100 (16/1/13 - 27/1/14) is higher than the near future average (16/2/09 - 18/5/09).

I don't defer from the above.

I am not interested in investments (apart from pension AVCs) until I have a sound cash base.

Your suggestion, Dooooooooooooooonut, went straight over my head: proof, if it were needed, that I am not ready to invest.

Putting money in a cash ISA which is linked to the FTSE 100 perfomance is a format I can just about grasp and am comfortabe with the risk and resultant loss if things should go awry.

dunstonh

I am not interested in investments (apart from pension AVCs)

You may want to verify that AVCs are still the best option for you. Since April 2006 they have been largely relegated to being an obsolete option. a few exceptions do still exist but modern alternatives more often than not offer better terms and features.