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Friday 30th of January 2009
January 29, 2009

YBS offers ‘no risk’ guaranteed investment accounts


by David Masters
YBS offers 'no risk' guaranteed investment accounts

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.”

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