Santander has launched two structured products aimed at delivering a capital return at maturity and a minimum return if held for the full term.

Both plans have four and six-year terms and are based on the performance of the FTSE 100 index.

The Satander Growth Plan's (Issue 46) six-year offering will aim for a minimum return of 11 per cent, while the four-year plan will offer 2.5 per cent.

The maximum return on the plan is 50 per cent of the growth in the FTSE 100 index, after averaging, based on a strike date of 9 September 2011.

The Santander Stockmarket Bond (Issue 10) offers a minimum gross return of 14 per cent over six years or 4 per cent over four years.

The six-year plan will offer a maximum return of 50 per cent of the growth (after averaging) of the FTSE 100 index or 50 per cent gross.

The four-year plan also offers a maximum return of 50 per cent of the growth (after averaging) of the FTSE 100 index or 40 per cent gross.

Reza Attar-Zadeh, director of savings and investments at Santander, said, 'Structured products are designed for those looking to invest for the longer term, offering potentially greater returns than those currently available on standard cash based savings accounts.

'The protected return of capital is provided by Santander UK, which is currently rated "AA-stable" by Fitch, thus giving savers the additional reassurance that their money is with a financially safe and secure bank.'

Minimum investment in the products is £1,500.

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