Offshore services provider NatWest International Personal Banking has launched two new structured deposit accounts - the Sectors account and the UK Market Deposit account - to give clients potential growth through the green or UK business sectors or the FTSE 100 Index.

“By offering customers these two new structured deposit accounts we are able to provide options to suit a number of needs for savers with different savings styles and goals,” said David Isley, head of NatWest IPB.

“We’ve long been aware of the growing interest in green and UK business sectors, and our Sectors account reflects this whilst also paying 5 per cent interest on one third of savers’ first year cash deposits.  At the same time the UK Market Deposit account provides the potential for 30 per cent growth for those savers who have a view that the FTSE 100 level will stay the same or rise over the next five years.”

The Sectors account is a structured deposit account that provides savers with two deposit options allowing them to take advantage of the potential growth in emerging “green” business sectors or established UK business sectors.  The account has been designed for those savers who do not require regular access to their deposit for five years. 

Savers will receive an interest rate of 5 per cent gross annual equivalent rate on one third of their deposit in the first year of the account – this third plus interest will be repaid to savers after just one year. This account provides full capital protection provided the money is deposited for the full five year term of the account. The offer period for both accounts is from 30 March to 29 May 2009. The minimum deposit for the Sectors account is £10,000 ($14,168).

The UK Market Deposit account is a structured deposit account that is aimed at giving savers a combination of security and potential for growth of savings in the current volatile market.

The account has been designed to pay 30 per cent gross interest if the FTSE 100 Index is equal to or above the starting level upon maturity of the five year term. Over the past 12 months the FTSE 100 Index has seen highs and lows - from a high of 6,376.50 to a low of 3,780.96 - representing a movement of 40 per cent.  Some individuals may now believe in the potential future growth in the FTSE 100 Index.

The UK Market Deposit account also provides full capital protection, provided the money is deposited for the full five year term of the account.

Natwest, like private bank Coutts, has been part of the Royal Bank of Scotland Group since the beginning of the decade.