Inscape guarantees 6% gross on savings

Inscape, the wealth management arm of Abbey National, has launched a savings account offering 6% gross interest in a bid to attract savers who would normally invest their money in the stockmarkets during less volatile conditions. Assets are actually invested in equities through Inscape's OEIC range, however, the new Phased Investment Account earns a guaranteed 6% gross/AER on cash deposits and allows investors to smooth against volatility by drip-feeding the investment over a 12-month period. Minimum investment is £1,000 but there is no minimum period for holding assets in the new...