Santander and Alliance and Leicester have launched a range of new investment products that guarantee security and a minimum return.
The Guaranteed Growth Plan is available in either a stock market or property option, giving a return of at least ten per cent over five and a half years and growing to a maximum of 50 per cent.
Meanwhile, stock market options of up to five and a half years are also available under the Guaranteed Capital Plus product, with a minimum return of 0.5 per cent.
Reza Attar-Zadeh, director of savings and investments with the banks, believes they provide a safe option for investors looking for better returns than cash-based savings accounts .
She added: "We recognise that not all investors are happy to take the risks associated with non-capital guaranteed products.
"This investment offers capital guarantee, a minimum return and the potential for more."
Santander and Alliance and Leicester recently introduced a range of fixed rate bonds that pay up to 3.75 per cent annual interest.
The products range from between one and two years with a minumum investment of just one pound.
Guaranteed investment products offered by banks
Guaranteed investment products offered by banks
Thu, 04 Mar 2010
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