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FTSE question ... help

  • 19-10-2009 11:14am
    #1
    mickydi
    Closed Accounts Posts: 66 ✭✭


    Have worked in N. I. & have some sterling in account there got great interest rate last year now being offered 3.8% not bad either. Bank is suggesting that I put some at least some of the savings into a 5yr bond linked to the FTSE. Based on the 3.8% I feel I'd be much better off sticking with the annual fixed term A/C which would also mean I'd have reasonable access (with some penalties) should the euro /stg rate merit bringing the money across which since I live here is the long term plan, but bank reckon that the current interest rates won't hold & that ordinary & fix term savings account rates are likely to drop significantly over coming years. Am not very familiar with FTSE etc but have been looking online and from what I can see it is sitting at around 5200 & the highest it has been over past 10 yrs is 6900 ... an increase of 28% ... IF it ahcieved this over the 5yrs would mean 16.8% return on initial investment.
    Thought even with an initial drop in rates I could expect better on rolling over in a fixed term A/C for 5 yrs or are they expected to perform really badly over 5 yr term.
    As I am really not experienced in this regard am totally confused & would apprecite your opinions/thoughts. Thanks!


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