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Nationwide - Guaranteed Equity Bond

PM
PM Posts: 518 Forumite
in Savings & investments
I picked up pack for Nationwide - Guaranteed Equity Bond Deposit plan & ISA. It says it has 12% guaranteed return plus potential for market linked growth. 5 Yr fixed

Anyone looked into this?

Comments

  • Myrmidon_J
    Myrmidon_J Posts: 287 Forumite
    In my opinion: terrible.

    There was another thread on this very product the other day - link here.

    I am generally not in favour of structured products, and this is a particularly poor offering from Nationwide.
    For the avoidance of doubt: I work for an IFA.
  • dunstonh
    dunstonh Posts: 120,079 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I'm with M_J.

    The terms can be beaten elsewhere if you really want a structured product.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It's not worthwhile. See the description of a DIY GEB for an option that gives you a better deal.
This discussion has been closed.
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