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10% gross/AER return on 60% of your savings

Chartwell has teamed up with Birmingham Midshires to bring you this offer.

For a limited period only you can get 10% gross/AER return on 60% of your savings

 

How does this work?

60% of your funds are invested in a 1 Year Fixed Rate Bond which guarantees a fixed return of 10% gross pa/AER.  The other 40% of your funds are invested in a 5 Year Tracker Guaranteed Equity Bond.  On this part of the investment you'll receive 100% of any percentage growth in the FTSE 100 Index, capped at a maximum of 45% return.  As your money is linked to the performance of the FTSE 100 Index rather than invested in it, your capital is not at risk from any falls in the FTSE 100 Index.

Why could it work for you?

1 Year Fixed Rate Bond (60% of your investment)

  • You know exactly what rate of interest your investment will receive - you are guaranteed a fixed return of 10% gross/AER for 12 months.
  • You are completely protected against fluctuations in interest rates for the 1 year term on this part of your investment.
  • This part of your money is not tied up for the full 5 years. You can withdraw the funds in the 1 Year Fixed Rate Bond at the end of the 12 month term.
  • Your 1 Year Fixed Rate Bond will mature 1 year from the date of investment. For example, invest 15th September 2008, matures 15th September 2009.

5 Year Tracker Bond (40% of your investment)

  • The bond will pay out 100% of any percentage growth in the FTSE 100 Index, capped at a maximum 45% return, over the 5 year term.  So, for example if the FTSE 100 Index grew by 30% over the 5 year term you would receive a 30% return.  If the FTSE 100 Index grew by 50% over the 5 year term you would receive a 45% return.
  • You can benefit from the potential growth of the FTSE 100 Index without actually investing in it.
  • Because you don't invest directly in the FTSE 100 Index, your capital is not at risk from any falls in the FTSE 100 Index.
  • You will also receive the Bank of England Base Rate** from your investment date until the issue date of the bond (16 December 2008).  This interest will then be added to the balance invested in the bond on the issue date. 

Things you need to know

  • The Chartwell Group will receive commission of 1.5% of the amount of your investment for arranging this product for you; this is not paid by you but through an arrangement Chartwell have through Birmingham Midshires.
  • This is a limited offer and must close by 2nd December 2008 or earlier if fully subscribed.
  • You can invest anything from £500 to £10 million or £20 million for joint accounts
  • To assess the FTSE 100 Index performance over the period of your investment, we use a special averaging feature at the start and maturity of the bond. 
  • The cost of capital protection for this product is included in the returns we offer.
  • The bond is not suitable for those who need access to their money before the end of the respective terms, as it is not possible to make withdrawals or to close the bond during the respective terms.
  • At the end of the term the maturing funds will be re-invested into an easy access account of Birmingham Midshires' choice.
  • Don't forget inflation will reduce what you could buy in the future with your investment.

If you wish to apply for this incredible limited offer please contact one of our team on 01225 823915 to request an application pack.


**Bank of England Base Rate 5% gross AER and correct as at 1stAugust 2008.  Rate will change inline with Bank of England base rate.

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.  Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

Birmingham Midshires is a division of Bank of Scotland plc, which is authorised for accepting deposits by the Financial Services Authority. It is entered in the FSA's Register and its Register Number is 169628. Registered office: The Mound, Edinburgh EH1 1YZ.

To contact the FSA Consumer helpline, please ring 0845 606 1234, or visit http://www.moneymadeclear.fsa.gov.uk

Bank of Scotland plc is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000.

Where a customer has made deposits in a savings or bank account, payments under the scheme are limited to 100% of the first £35,000, subject to a maximum payment to any one depositor of £35,000. This limit applies provided the insolvency or other default of the bank or firm concerned takes place after 1 October 2007. Please note that accounts with Bank of Scotland include accounts in its divisions and trading names, for example, Halifax, Intelligent Finance and Birmingham Midshires. Most deposits denominated in sterling and other European Economic Area currencies and euro made with offices of the bank within the European Economic Area are covered. There are different levels of protection for other investments covered by the Financial Services Compensation Scheme. Further details of the scheme are available on request.

Bank of Scotland plc is a member of The British Bankers' Association and subscribes to the Banking Code, copies of which are available upon request.