HSBC launches Guaranteed Capital Account.

HSBC Investments has launched its six-year Guaranteed Capital Account to intermediaries, offering both income and growth potential linked to the returns of the FTSE 100 index.

The Account provides returns by splitting the deposit into two equal areas. The Income Fifty uses 50% of the investment to generate an interest rate. This rate is calculated as the Bank of England’s base rate with an additional 2% in the first year and then the base rate plus 0.45% thereafter. Income can be paid monthly or annually, or alternatively, rolled on to maturity. The account allows access to funds before the end of the fixed term, subject to a minimum withdrawal of £250; however any