Beat fixed rate savings with 15% potential growth over 3 years

Umbrella 2

Give your savings a lift…

"The recent surprise increase to both measures of inflation continues to fuel the spotlight on low savings rates. The Consumer Price Index rose to 2.6% whilst the Retail Price Index climbed to 3.2%, meaning that taxpayers have to earn a minimum of 3.25% and 4% respectively just to stand still. There are currently no 3 year fixed rates offering 4%.

Investec's 3 Year Deposit Plan offers to return 15% provided the FTSE 100 finishes higher than its starting value at the end of the three year term, subject to averaging. Your return is therefore dependent on the FTSE rather than being fixed, but 15% is equivalent to 4.75% per year compound - a healthy potential premium of around 1.25% on leading 3 year fixed rate Cash ISAs.

This plan is available for new Cash ISAs, Cash ISA transfers as well as directly (not via an ISA), with a minimum lump sum of £3,000."

Oliver Roylance-Smith, head of savings and investment


This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

If you are at all unsure of the suitability of this type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

Written by Oliver Roylance Smith at 17:23



Investment Place is a trading name of Fair Investment Company Ltd which is authorised and regulated by the Financial Conduct Authority.