NatWest offers structured account

Monday, 06 April 2009 12:00

NatWest International Personal Banking (IPB) has launched two structured deposit accounts that offer both security and potential growth through the green or UK business sectors.

Savers will receive an interest rate of five per cent gross AER on one third of their deposit in the first year of the account, to be paid back after one year.

The other two thirds will be deposited in a market index of the customer's choosing and upon maturity the depositor will recieve 70 per cent of the calculated growth on the index.

Regular access to their deposit for the entire term it not allowed. The account provides full capital protection if the money remains untouched for the five years.

Dave Isley, Head of NatWest IPB said: "By offering customers these two new structured deposit accounts we are able to provide options to suit a number of needs for savers with different savings styles and goals.

"We've long been aware of the growing interest in green and UK business sectors, and our Sectors account reflects this whilst also paying five per cent interest on one third of savers' first year cash deposits."

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