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Guaranteed Capital Account Series from A&L
dollywops
Posts: 1,736 Forumite
I hope I am posting in the correct place, and if not, I apologise. I am not au fait with ISA's etc.
Alliance and Leicester have today launced a Guaranteed Capital Account.
http://www.alliance-leicester.co.uk/investments/index.asp?page=guaranteed-capital&ct=investmentshome
I was considering putting £3,000 in an ISA, and say another £5,000 in a fixed term product. Can I do any better than this, or do I wait and see what the other financial institutions bring out?
Any thoughts on this would be appreciated.
Alliance and Leicester have today launced a Guaranteed Capital Account.
http://www.alliance-leicester.co.uk/investments/index.asp?page=guaranteed-capital&ct=investmentshome
I was considering putting £3,000 in an ISA, and say another £5,000 in a fixed term product. Can I do any better than this, or do I wait and see what the other financial institutions bring out?
Any thoughts on this would be appreciated.
0
Comments
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All the versions are pretty awful. The cost of the guarantees is too high for such limited potential.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.0
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All the versions are pretty awful. The cost of the guarantees is too high for such limited potential.
Please could you explain what you mean by the cost of the guarantees is too high for such limited potential.
Up to now, all our savings have been offsetting our mortgage 100%. Now there are monies available to invest, and I would like to do it sensibly and safely.0 -
It's problems are:
1 - Its tracking only the FTSE100. That has been a substandard index for 14 years.
2 - It pays no dividends (there are your hidden charges)
3 - It only pays a percentage of the growth, not the full amount
4 - There is averaging on the return
Take a look at this old thread which goes into more detail:
http://forums.moneysavingexpert.com/showthread.html?p=2728519#post2728519I 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.0 -
Agree with the above. A poor investment choice IMO.0
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