Northern Bank

jenheiffer

The Northern Bank have a 3 or 5 year Capital Bond where you put in the money and the amount of interest you get at the end depends on the rate of the FTSE at the end of the term - you could get 0% or 17% (over 3 yrs) or 35% over 5yrs.

Is anyone doing this or think it's a good idea?

motorguy

Why would you put this on a local board?

tobiascurious

How do you feel about the possibility of getting nothing back ?

You can get 4% per annum fixed elsewhere

jenheiffer

pgilc1 wrote: »

Why would you put this on a local board?

What's the problem? - this is the Northern Ireland Forum. The Northern is a local bank.

I only decided to post anyway when I read someone else's similar post re the Ulster Bank.

KiwiCoop

If you want exposure to the sharemarket do it via a fund manager rather than a high street bank who will be taking a slice of your profit. I use Hargreaves Lansdown so you might check their website as a starting point.