First Active has introduced a new Secure Bond tracking the Irish market. The bond tracks the ISEQ Overall Index - an index of all 65 publicly quoted companies on the Irish Stock Exchange.

Investors can choose from two investment terms. Option one is for three years and six months and option two is for five-and-a-half years. The original capital is fully protected.

The participation rates are 50 per cent for option one and 75 per cent for option two. The final return is based on the average quarterly growth in the ISEQ index over the investment term. The minimum investment for the Secure Tracker Bond is £1,000 (€1,271) for both options and the closing date is January 15th.