Bank of Scotland International three-year Guaranteed Savings Bond 20 accounts launched
www.moneynews.co.uk > Banking > Bank of Scotland International three-year Guaranteed Savings Bond 20 accounts launched
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Money News |
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Bank of Scotland International three-year Guaranteed Savings Bond 20 accounts launched
Fri 12th Jan 2007
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The Bank of Scotland International three-year and five-year Guaranteed Savings Bond 20 guarantees customers will be able to get their hands on 100 per cent of the initial investment, as well as the chance to make money from stock market growth.
In order to set up either of the Bank of Scotland International three-year Guaranteed Savings Bond 20 accounts, a minimum investment of £10,000 is required for the Sterling product and $20,000 (£10,220) for the US Dollar.
Tony Wilcox, managing director at Bank of Scotland International, remarked: "Bond 20 offers customers the security of their capital being guaranteed as well as the opportunity to benefit from the growth potential of the stock market, across a term that suits the customer's needs."
The difference in the accounts is that they track differing stock markets with the Sterling linked to the performance of the Nikkei 225 and the US Dollar tied up with developments in the S&P 500.
Bank of Scotland International says that due to the fact that customers do not directly invest in the stock market, there is no risk to the initial investment.
Related News : Banking |
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