A new capital account has been launched by Zurich Insurance, called the Green Guaranteed Account. It offers returns based on stock market investments into green businesses.
The RBS Green Index lists only those organisations operating in the environmentally friendly categories, such as biotechnology, solar power, wind and water power etc. Investors in the Zurich Insurance account will have their capital protected whilst being in line for 100 percent of growth enjoyed within the sector.
A spokesman from Zurich Insurance felt this Green Guaranteed Account was ideal for investors who wanted to support the environment whilst earning a return on their investment.
A Sainsburys Bank spokesman feels that there are more restrictions and conditions applied to savings accounts than ever before.
Having looked at the current state of the market the Sainsburys Bank spokesman has noticed how many savings accounts have restrictions on withdrawal amounts and periods, as well as how it impacts on interest rates, with some quite hefty penalties on some for making withdrawals during the year.
Another aspect that has been noted is the use of age limits on some savings accounts, targeting either the younger or older market. Ideally all categories of customer should be able to enjoy similar levels of interest and benefits believes the Sainsburys Bank spokesman.
The Nationwide Building Society has introduced half a dozen new investment bonds, with interest rates ranging from 6.5 to 6.7 percent.
The bonds cover investment periods of between 6 months and three years, therefore providing real options to suit different investors. Two of the new Nationwide Building Society bonds are e-bonds and are applicable to new FlexAccount customers while another one is valid only for customers who have been with the Nationwide for at least 3 years.
A spokesman from the Nationwide Building Society felt that the six month bonds offered an excellent return over such a short period of time and that the longer period bonds would prove excellent investment options for those happy to put their money to work for up to three years.
