Overview of Protected Equity Bond

Have you ever thought about investing in stock markets, tempted by the potential rewards on offer, but then hesitated, worried about the risks?

What if we could offer you the potential for some of the investment highs whilst minimising the lows? Well, the Protected Equity Bond does just that.

The Protected Equity Bond is a deposit based plan which offers returns linked to the performance of some of the world’s leading stock market indices. The Protected Equity Bond does not invest directly in company shares or investment funds and so protects you from any negative growth in the stock markets. The Protected Equity Bond we currently have on offer is the Legal & General Stock Market Linked Savings Bond 2 (The Plan).

Choose your product

Choose whether to have your Protected Equity Bond on its own or with a Combination Savings Bond (CSB).

Choose from either the ISA or deposit plan

You can choose whether you would like to use your cash ISA allowance, or whether you would like to invest your money in a deposit plan, or both.

Apply

Depending on the products you choose, you can apply:

• Online
• Over the telephone
• In your local branch

Notes
* Rate illustrated applies to all balances (subject to a minimum balance of £3,000) when interest is paid annually on the 1 year fixed rate Combination Savings Bond. Early closure permitted with 90 day interest penalty.

** AER stands for Annual Equivalent Rate which illustrates what the interest rate would be if interest was paid and compounded once each year. For the Protected Equity Bond this allows you to compare the minimum and maximum potential returns with other savings products. For the Combination Savings Bond, the gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax) and the net rate of interest is the interest payable after any income tax is deducted (if you pay tax).