Tessa matures in Jan and looking to do something more interesting than just a follow on TOISA, are there any other options ?
Only interesting product I've found is a HSBC 'bond' that guarantees 60% of the rise in the FTSE.
Cheers
Invest in a good fund and it will outperform the footse. A guarantee of 60% of footse's rise, even if they promise not to make a loss, doesn't sound that good.
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The National Savings Guaranteed Equity Bonds (GEB) are a good benchmark to compare such products; the last one offered 95% of the FTSE gain / money back if I recall correctly, and I calculated the effective annual charge (loss of 5% of the gain & dividends) as approx 3.8%. Search the uk.finance archive -
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