Gilliat relaunches 50/50 Deposit Series

Gilliat Financial Solutions has launched the second plan in its 50/50 Deposit series which splits capital equally between two investments.

Half the capital is invested in a one year deposit paying 5% gross interest. The other half in a five year deposit paying returns based on half the rise in an underlying index supplied by RBS.

The choice of three indices allows for investment in UK equities, global environmental equities or commodities, or a combination. Capital is protected at maturity.

RBS is the counterparty for the plan.

Gilliat managing director Adrian Neave says: "The 50/50 Deposit series is designed for savers seeking a potential higher return from their savings than fixed deposits.

"The 50/50 element adds flexibility, so that short and long-term goals can be covered. With the best cash ISA saving rate on the market presently standing at 3.5%, we believe 5% is attractive.

"The further index based growth element will offer savers the potential for attractive longer term returns on their savings from a choice of assets. This product will appeal to savers who are nervous of investing directly in equities but may be prepared to with the knowledge their original investment capital will be repaid in full no matter how the index performs."

The deadline for investment is 23 April 2010, set at a minimum of £3,000. It is eligible for ISAs, with charges capped at 5.6% including commission for intermediaries.