Following on from the success of its Combination Equity Bond product, Bank of Ireland has also launched Combination Equity Bond Series 5.

Similar to the others in the series, CEB5 offers capital security, combining investment in a five year, nine month tracker bond and a one year deposit account.

Part or all of the investment can be placed in a tracker bond, while customers can invest up to 50 per cent in a premium one year deposit account with a rate of 5 per cent.

The Tracker return is based on 75 per cent of the growth achieved by the basket of selected indices; S&P 500, FTSE 100, Nikkei 300 and EUROSTOXX 50. The closing date for CEB Series 5 is October 12th, 2001.