RBS savings account offers guaranteed rate of returns

The Royal Bank of Scotland (RBS) has launched a savings account that offers a guaranteed rate of return and the possibility of further gains linked to stock market performance. The Guaranteed Income & Growth Account has a three-year term and the initial investment is divided equally between a guaranteed income vehicle and one linked to the growth of the FTSE 100 Index. The gross annual interest return of 5.84% from the income element is paid out on a monthly basis. The growth element provides 40% exposure to movement in the FTSE 100 and will be paid at the end of the three-year term. ...