Jubilee offers step-down and deposit plans for ISA year-end

Rebecca Hampson
18 Mar 2010

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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,"

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