The companies have teamed up for six range accruals this year, with their latest offering providing access to the US benchmark.

IDAD has launched US Income Deposit Plan Issue 1, November 2023 in the UK. The six-year capital protected plan offers access to the S&P 500 with Royal Bank of Canada (RBC) acting as the deposit taker. The S&P 500 option was to take advantage of wider range where we felt there was a bit more value than FTSE 100 - Clive Moore The product features an upper barrier of 123.5% and a lower barrier of 75% of the initial strike. It offers a coupon of 10% pa providing the index closes between