|Mariana FTSE CSDI- As you are all aware, interest rates are currently extremely low and with National Savings having effectively moved out of the Market, rate wise, back in November, and the top rate on 5-year Money in the High Street currently being 1.3% p.a. with Hodge Bank, it is difficult to find anything that looks remotely attractive to Investors.
Well, we may possibly now have the answer for the investment of some of those Funds. Of course, we will all need to continue believing that the Markets will rise going forward and if we do then this Deposit could work extremely well.
Remember, a Structured Deposit comes with all the normal FSCS Protection associated with High Street Bank Accounts plus, importantly, and indeed very differently, the same Terms are on offer for all types of Deposit Money, i.e. Personal/ISA/Trust/Pension/Corporate.
The Mariana FTSE CSDI Participation Digital Deposit – May 2021 is now available for investment, with Goldman Sachs International Bank as the Counterparty.
Couple this with the fact that whole investment process can be completed very simply. There is no need for wet signatures, you can complete each investment with email and scanned documentation plus online Banking. Alternatively you can, of course, post the application to us.
Please note that for any ISA Transfer cases original wet signature paperwork may still required by many ISA Providers (which is outside the control of Mariana) and this needs to be received by James Brearley by the 5th May so we would request this be received at Best Price a couple of days earlier, i.e. by the 3rd May, if posting. However, if they are emailed to us then 5th May would apply.
NB For new ISA Investments you are able to use both your 2020/21 & 2021/22 allowances within this Tranche; the deadline for the 2020/21 ISA subscription is 4th April.
This investment tranche is underwritten with Goldman Sachs International Bank as the chosen Counterparty. Standard & Poor’s; A+ (Stable), Moody’s; A1 (Stable), Fitch; A+ (Negative) (as of 23 March 2021)*
* Credit ratings should not be relied upon or considered to be an assurance of a financial institution’s stability or its ability to meet its obligations.
Headline details of the product options are as follows, please refer to the Brochure for full information on the Plan.