Fearless investment with Coventry Building Society

www.moneynews.co.uk > General finance > Fearless investment with Coventry Building Society

Fearless investment with Coventry Building Society

Tue 5th Sep 2006

Investing in stocks and the like can be daunting for many first-time investors. The fear of losing capital and complicated financial jargon is often enough to scare anyone away.

Now Coventry Building Society has decided to launch a new type of account, ensuring investors total capital protection and vowing a minimum rate of return, allowing would-be investors to dip their toe in the water.

The aptly named Guaranteed Investment Account is available until November 21st and offers, among other benefits, 12.75 per cent minimum growth maturity, tax free mini-cash and 100 per cent capital.

Peter Holding, the company's financial services and insurance manager, described the account as a base for people to get comfortable in investing.

"The Guaranteed 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," he said.

Coventry is the UK’s fifth largest building society and also offers a range of savings and mortgage products.

Related News : General finance
	Citizens Advice welfare applauds government
	Confused.com energy defends British Gas
	Bank of Ireland passes stress test
	Tesco Mobile deal 'courts consumers'
	Scottish Widows Investment Partnership notes favourable response
	Customers should fix now, says moneysupermarket.com energy
	Confused.com highlights importance of getting the best deal
	Prices on the rise, says moneysupermarket.com energy
	Bank of Scotland economic report 'suggests transitional phase'
	Clydesdale and Yorkshire Banks security advice issued