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A&L Capital Account (GUARANTEED)??
warrtydog
Posts: 4 Newbie
Hi All
I have been offered a 3yr Guaranteed Capital Account by Alliance & Leics. (11% or 50% of any growth in the FTSE 100 Index) as long as I keep my £3000 transfered from my Direct Cash ISA Issue3. (currently paying 5.90% p.a) in for the full 3yrs and I was wondering if I would get a better or equal return if I left it in my ISA account. As I am transferring from my ISA I would not pay any tax.
I would appricate your knowledge and views on this dillema.
Do you think it is worth a punt.
Warrtydog :beer:
I have been offered a 3yr Guaranteed Capital Account by Alliance & Leics. (11% or 50% of any growth in the FTSE 100 Index) as long as I keep my £3000 transfered from my Direct Cash ISA Issue3. (currently paying 5.90% p.a) in for the full 3yrs and I was wondering if I would get a better or equal return if I left it in my ISA account. As I am transferring from my ISA I would not pay any tax.
I would appricate your knowledge and views on this dillema.
Do you think it is worth a punt.
Warrtydog :beer:
0
Comments
-
Rubbish. Even worse than other GEBs recently posted.
FTSE100 is a poor performing index but lets say you average 10% a year. You are only going to get 50% of it which is 5% equivalent.
Why link yourself to such a poor index and give yourself a guarantee which is at the cost of 50% of future returns?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 -
Hi Dunstonh
Thanks for your opinion.
I thought it looked a bad return even just getting the 11% after 3yrs
Warrtydog0
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