saving accounts

[tommy010]

HI, Is barclays defined returns plan a good investment, as i want to put some aside as i have just retired, if it is not could you tell me a good thank you.

[buildersmate]

It appears to be a relatively-complex financial product that uses CGT allowances, combined with ISA-status,to produce the returns that it claims. There is risk associated with every investment product - and this is an investment product, not a savings product as you suggest in your title. In the case of this product the returns will be far less if the FTSE100 index fails to hit to particular series of future thresholds. The figures shown in the bumpf alos assume that the investor is a higher tax-rate payer.
To be it another way, you need proper financial advice before deciding to invest your retirement funds in such a product. Not saying it's a bad idea - you just need to be properly advised.

[Whoever]

I would never EVER take out a financial product offer by any bank without first checking it out with an independent financial advisor. Banks can only sell their own products, many of which are unsuitable for the customer concerned or inferior to other products available elsewhere on the market. You don't say how much money you would be thinking of investing, whether this would be your only savings or whether you can afford to tie up the money indefinitely. All these issues need to be considered before opting for a product which may not pay back as much as you invested.