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Northern Bank

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?

Comments

  • motorguy
    motorguy Posts: 22,650
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    Why would you put this on a local board?
  • How do you feel about the possibility of getting nothing back ?

    You can get 4% per annum fixed elsewhere
  • jenheiffer
    jenheiffer Posts: 395 Forumite
    edited 30 January 2010 at 11:09AM
    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
    KiwiCoop Posts: 116
    Part of the Furniture 100 Posts
    Forumite
    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.
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