NatWest is to launch its new Autopilot International
current account next month, it announced today (May 5th).
The newly-named offer will supersede the bank's currently popular Autopilot account, which has seen a rise in take-ups of 80 per cent over the last six months. This new offer is intended to build on the previous success of the Autopilot range by providing links to four distinct market sectors and ensuring that all money deposited is capital-guaranteed as long as the deposit is kept for the full five-year term of the account.
Its monthly management strategy links to the performance of a market sector when it is rising and diverts from them upon falls. The
business account's market sectors are developed equity, emerging equity, property and gold and the customer's deposit is split equally between the four areas. The account is designed to give customers the opportunity of making investment savings.
Ashley Taylor, head of international wealth managers at NatWest international personal banking, said: "Following on from customer feedback and interest we are able to offer this product to new customers with the launch of Autopilot International.
"Having received such a positive response to the range from our customers we are confident it will continue to be a successful strategy."
Meanwhile, some individuals have turned to
paintings and art as an investment as an alternative to keeping their savings in banks as artwork is deemed to hold its value and is seen as a safer bet for making your funds grow.
By Emma North