Barclays Capital Protection Saving Plan

silentfox

dylanlewis2000 wrote: »

I am interested in taking one of these deals out. Basicaly you lock your savings away for either 3, 4, or 5 years and barclays will give you 12, 22 or 32% depending on the legnth of time you invest for.

12 % after 3 years isn't exactly great, if your happy to stick your money away you can currently get 4.18% pa at nationwide for 5 years or 4.10% in other fixed rate accounts, thats around the same amount of return at the end of the term.

This is at current rates, my view is rates are set to move higher over the next 2 years and significantly so. Why take the risk of no return with barclays , when these will pay out and if you get two year bonds and switch once rates rise, you can get even more.

dylanlewis2000

dunstonh wrote: »

Premier have just issued details of one that could be attractive to some. Its an income payer of 8% a year for 5 years. guaranteed providing FTSE doesnt fall 50% from current position by the end of year 5 (doesnt matter what it does in the interim period). Citigroup is the underwriting counterparty for it.

That is far superior to Barclays version which equates to 5.7% p.a. for 5 years.

what is premier? What are they like?

dunstonh

what is premier?

They are an investment house. Typically dealing with more niche areas or institutional investors rather than retail.

What are they like?

I like them. Not too big that they dont care but not too small that you fear the worst could happen. Not that they underwrite the GEB. Citigroup do that.