New Investment Bond Launched By Egg

Published: 6/24/2010

Egg, best known for the Egg credit card has just introduced a new bond that is linked to the FTSE100 performance over the next 3 years.

Called the FTSE 26 percent guaranteed equity bond, Egg card customers who invest in it will enjoy FTSE 100 index gains made over and above the starting level of the bond up to a maximum of 26 percent. Should the index finish lower than the starting point of the investment then customers are guaranteed the whole of their capital invested back.

An Egg card spokesman suggested the investment bond would suit customers who are naturally cautious but would like the chance to earn a higher return than that offered by simple deposit accounts.