YBS offers ‘no risk’ guaranteed investment accounts
by David Masters
Yorkshire Building Society (YBS) has expanded the number of products it offers in conjunction with Credit Suisse by launching a number of new guaranteed investment accounts (GIAs).
According to YBS, the accounts carry almost ‘no risk’ because they guarantee a minimum return on investments.
The new range of GIAs cover combinations of growth, tracked growth an annual income. All accounts offer a capital guarantee with varying minimum and maximum returns.
Since YBS first launched GIAs in 2006 in conjunction with Credit Suisse, the accounts have proved popular with savers.
The building society believes this popularity is due to the accounts offering potentially higher returns than deposit accounts without the risk of losing money.
YBS head of insurance and sales, Gary Fowler, said: “It is clear that some of our customers wish to spread their investments a little wider than deposit accounts without risking any of their hard earned cash.
“These three new limited offers cater for both capital growth and income needs, with two of them being available as a cash ISA.”
Discuss this in the Finance Markets forums
Story link: YBS offers ‘no risk’ guaranteed investment accounts
Add to Bookmarks:
Related financial stories to: YBS offers ‘no risk’ guaranteed investment accounts
- Rising interest rates & savings accounts
- Current account interest rivals some savings accounts
- HSBC extends guaranteed re-fix deal
- Foreign bank offers 6.5% to online savers
- Money paid into savings accounts reaches record levels
- B&B rights issue at risk after shares plummet
- UK residents could be earning more interest on unused cash in current accounts
- Survey: Huge differences in interest offered on current accounts
- Fixed-rate accounts best for savers
- Halifax sign up Experian to trace dormant accounts
Tags: Credit Suisse, GIAs, guaranteed investment accounts, new products, savings, Yorkshire Building Society
Previous: « Mylostaccount.org.uk proves popular with UK savers
Next: US new home sales drop/factory orders tumble »
Visited 185 times, 53 so far today
