Abbey and Alliance & Leicester have unveiled a new range of guaranteed investment products for savers with a minimum of £1,500.

The Guaranteed Growth Plan is available in a variety of guises including a 3.75-year term investment offering returns linked to the growth of the Halifax House Price Index.

There is also a 5.5-year stockmarket plan, which offers a guaranteed return of at least 11 per cent growth based on the movements of the FTSE 100 index.

And there is another 5.5-year investment linked to the Halifax House Price Index. Again, this product offers a guaranteed minimum return of 11 per cent.

Investors can also take advantage of the bank’s Guaranteed Capital Plus product which is available as a 3.75-year investment or a 5.5-year deal.

They offer the potential to achieve maximum returns of 17 per cent gross and 35 per cent gross respectively if the FTSE100 performs well over the terms.

Simon Taylor, head of investments at the bank, said: “Our range of guaranteed investment products are designed to appeal to investors looking for potentially attractive returns but without risk to their capital.”

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