First Active has introduced its third tracker bond this year. The Euro 50 - Series 2 is linked to the Eurostoxx 50 stock market index. The three-year, six-month bond offers investors security of original capital and allows 50 per cent gross of the potential growth of the index.

The closing date is September 8th and a minimum investment of £3,000 is required.

First Active has also increased its term deposit account rates, paying up to 5.5 compound annual return on its five-year term.