B&W launches a cash Isa

Isa

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Bristol & West has launched a cash Isa product offering 120% of the growth of the FTSE 100 over five...

Bristol & West has launched a cash Isa product offering 120% of the growth of the FTSE 100 over five years. The group said the product has the capacity to provide tax-free interest of £1,000 after five years, if the economy grows at or just above its recent trend level. It carries a 100% capital guarantee and interest will be paid at 4.75% before the product launches on 14 June 2005. The group will accept applications until 31 May 2005 and adviser commission of 3% will be available. The maximum investment is £3,000. The final payout will be calculated using back-end averaging over t...

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