HSBC has launched its six-year Guaranteed Capital Account, offering growth and income linked to the FTSE 100 index.
The account splits the deposit into two equal segments. The Income Fifty segment generates an interest rate calculated as the Bank of England's base rate, with an additional 2% in the first year and thereafter an additional 0.45%. The Capital Growth Fifty offers 50% uncapped exposure to any growth of the FTSE 100 index at the end of the term. Capital is returned at maturity if held