YBS launches ‘no risk’ guaranteed growth and income accounts
Jennifer Lowe | Latest investment news, 07 April 2009
Yorkshire Building Society (YBS) has teamed up with Credit Suisse to launch a range of guaranteed income and growth accounts.
The accounts will allow savers to benefit from potential stock market-based returns with the comfort of a 100 per cent capital guarantee.
YBS has had a relationship with Credit Suisse since 2005 offering a number of guaranteed investment accounts (GIAs). They have always been readily accepted by Yorkshire's savers as offering an opportunity to maximise their returns on part of their savings portfolio.
This latest range of products covers combinations of growth, tracked growth and annual income. All three products offer a capital guarantee with varying minimum and maximum returns and savers can invest in the accounts using their tax-free ISA allowance.
Gary Fowler, head of insurance and sales operations at YBS, says, ‘With savings rates being at an all-time low it's important that people get the maximum return on their investment while protecting their capital. Previous offerings have proved incredibly popular as many customers see that the stock market is currently low so feel there may be more potential for growth.’
For more information, contact 08451 200 100 or visit www.ybs.co.uk.
Further reading:
Income-producing investment trusts
Sustaining high yield
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