New guaranteed investment option from the Coventry

Tue, 05 Sep 2006

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 .

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