LANSING, Mich. - Jackson Federal Bank has introduced the MarketPath CD, a certificate of deposit that links its rate of return to the performance of the Standard & Poor's 500 Index.

The CD, which was introduced Thursday, is offered by a unit of Jackson National Life Insurance Co. and is among the first to guarantee principal. Bank clients can choose five-year, seven-year, or nine-year terms with a minimum investment of $5,000. If at the end of the term the S&P index is higher, the depositor receives a return equal to the percentage gain; if the index is lower, the FDIC-insured principal is returned.

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