Coventry
Building Society has launched a new guaranteed
investment account for its members.
In partnership with
Credit Suisse International and Key Data Investment Services
Limited, the building society has offered the new four-year
investment option.
The society claims that the investment account gives customers the
opportunity to benefit from growth in the stock market, with the
assurance that their capital is protected.
Customers' capital, which can be between a minimum of £3,000 to
a maximum of £20,000, is protected throughout the term, while a
one-off return is paid upon maturity.
Peter Holding,
financial services and
insurance manager at Coventry, said: The guaranteed
investment account will provide an excellent stepping stone for
those customers who are not yet ready to fully invest in stocks and
share products but want the potential growth that these types of
accounts can offer.
The account also guarantees the return of their investment
combined with a minimum growth rate guarantee.
Coventry offers a wide range of financial services to its clients,
including savings ,
mortgages ,
personal loans and
credit cards .
