Yorkshire Building Society and its subsidiaries, Barnsley Building Society and Chelsea Building Society, are distributing two Credit Suisse-backed inflation-linked deposits, continuing the evidence of demand for the flavour of the month that is inflation.
The Annual Income Option of Protected Capital Account Inflation Linked pays 0.1% pa plus 100% of the rise in the Retail Price Index between the March levels of the index preceding the start and end of each annual period, paid at the end of each year of the five-year investment period.
A growth option (Maturity Option) pays a minimum capital return of 101.5% plus 100% of the rise in the Retail Price Index between March 2011 and March 2016, at maturity.
According to SRP data, this is the first time YBS has moved away from the FTSE100 in its structured product history since it began launching in 2000.
Simon Broadley, Yorkshire's retail investment manager, said that due to interest rates being at a historically low level and the hefty press coverage surrounding the topic of inflation, 'the Society is keen to provide its members with a product that allows them to maintain the true spending power of their savings'.
Protected Capital Account Inflation Linked is open for subscription between 18 February 2011 and 5 April 2011.
These products are available in Recent Additions (UK).