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Scarborough 4 Year Guaranteed capital plus account 5
mark13
Posts: 372 Forumite
Scarborough are offering a 4 yr guaranteed capitol and guranteeed minimum interest rate
http://www.scarboroughbs.co.uk/savingsandinvestments/products/gcpa_four_year.html
Provided that the Account is held until the Plan Maturity Date you will receive 11.25% minimum growthmaximum of 40% growth dependent upon the performance of the FTSE™ 100 Index.
Looks like a good way of stashing some cash
http://www.scarboroughbs.co.uk/savingsandinvestments/products/gcpa_four_year.html
Provided that the Account is held until the Plan Maturity Date you will receive 11.25% minimum growthmaximum of 40% growth dependent upon the performance of the FTSE™ 100 Index.
Looks like a good way of stashing some cash
Win Dec 2009 - In the Night Garden DVD : Nov 2010 - Paultons Park Tickets :
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Comments
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Aren't Credit Suisse in a bit of difficulty at the moment?0
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Not very attractive terms at all. The cost of guarantee is far too expensive and the cap is far too low. Wouldnt go near it.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Yorkshire Building Society are marketing both 4 (min 11.25% max 40%) and 6-year (min 20% max 108%) products from Credit Suisse.
http://www.ybs.co.uk/investment/guaranteed-investment-account.html0 -
They look very similar..... everyone is after our cash at the moment.Win Dec 2009 - In the Night Garden DVD : Nov 2010 - Paultons Park Tickets :0
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If they wanted your cash they would have offered better terms. These are cash cows for their profitability rather than yours. No offence but they are being marketed with the sole aim to take advantage of low interest rates and sucker in people who dont realise how poor value these are.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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no offence taken..
Alternative views are always welcome. Win Dec 2009 - In the Night Garden DVD : Nov 2010 - Paultons Park Tickets :0 -
are there any better options ? currently I have some money in funds & shares using my ISA allowance and premium bonds.Win Dec 2009 - In the Night Garden DVD : Nov 2010 - Paultons Park Tickets :0
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are there any better options ?
lots. The terms are quite poor as already mentioned.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
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I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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