Liberty Asset Management has set up Escalator 2, its 100 per cent capital secured bond that locks in profits every six months. It offers investors no limit on returns. The Escalator 2 is secured by Bank of Scotland (Ireland) and will remain open to investors until December 7th. The minimum investment is £5,000. At maturity, investors will receive the final value of the bond or the highest lock-in value, whichever is greater. The return on the 51/2-year bond is based on the index of top European companies, the Eurostoxx 50.

Escalator 2 allows investors to earn up to 11/2 times the growth in the index without a cap on the overall return.