The new Abbey International Capital Guaranteed World Basket Income and Growth account has been launched to combine the security of a traditional offshore savings account with the growth potential of four world indices.

The offshore account is denominated in sterling, euros or dollars, or all three currencies providing the minimum opening balances of £20,000, €30,000 or $40,000 are met.

Half the sum deposited goes into a cash deposit with an annual fixed rate return of 7.50 per cent on sterling deposits, 6.00 per cent on euro deposits or 5.00 per cent on dollar deposits. This return will be credited on an annual basis during the five year term of the account.

The return on the other half will be linked to the performance of an equally weighted basket composed of the FTSE 100, DJ Euro Stoxx 50, S&P 500 and Nikkei 225 Indices over the five year term; on maturity 50 per cent of any growth in these will be added to the account.