A new ‘step-down' early-redemption plan has been launched by Jubilee Financial Products (JLP). The six-year plan was released at the same time as a Lloyds TSB Growth Deposit Account and comes just in time for the UK individual savings account (ISA) year-end.
The early redemption plan pays up to 10% per annum and offers a front-loaded coupon. "We have done this because in 60–75% of cases kick-outs occur in the first and second years. This way investors get a higher return in the early years," exp