Savings Bonds
Savings bonds sound like such a complicated and risky thing to invest in to many people. In the past you could just put your money into a building society or bank savings account and it was always there for you. The rates were competitive and nothing was more secure than a bank’s or a building society’s safe. But times have changed – in this low Bank base rate environment, savings accounts are just not offering the same sort of rewards they once did:
Also, since so many UK and world banks and building societies have collapsed, not all the money people invest is entirely safe. The Financial Services Compensation Scheme does offer UK investors protection of up to £50,000 of investments, but if you invested beyond £50,000 or if your investment was tied up with a foreign financial institution you could lose out. But savings bonds are different – they are safe and they are now more secure than any bank vault.
For example, one of the many savings bonds you could rely on is the Guaranteed Capital Account 24 from Dunbar Bank. This is one of many savings bonds that could help your money grow over the long-term - it is a five-and-a-half year deposit account that is linked to the UK stock market, so when the markets rise, so does your savings bonds. The market is a low right now, for we are in a recession, but history has shown it will pick up and you could cash in on that upturn.
The account gives you all of the growth of the market, unless that growth reaches 80%. If, at any time during the term, the market has grown by 80% or more, the interest will be equal to 25%. Any interest earned by the savings bonds is paid at the end of the five-and-a-half year term.
But apart from the returns that the savings bonds could make, there is more to shout about - if you’re concerned that the market may fall, and it does from time to time, don’t worry because these savings bonds include the protection of a money-back guarantee, so you won’t lose any of the money you deposit. You will not have to rely on the FSCS, because your money is contractually sound.
The Guaranteed Capital Account 24 savings bonds a limited offer, so talk to a financial adviser right away if you think you want to invest your money in these great deals. The last date for applications is August 17 2009, so don’t delay if you want to take advantage of these savings bonds that will make your money grow and will more importantly keep your money safe.
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