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Abbey National – Flexible Savings Plan

Friday, May 17, 2002



Type: High interest account and choice of guaranteed equity bond,

stocks and shares Isa, unit trust, unit-linked bond or with-profits

bond

HIGH INTEREST ACCOUNT

Minimum-maximum investment: £500-no maximum

Interest rates: 6.75% gross a year

Term: One year

Offer period: Until July 9, 2002

Withdrawal penalties: No penalties

GUARANTEED EQUITY BOND

Aim: Growth linked to the FTSE 100 index

Minimum-maximum investment: £3,000-£500,000

Term: Five years

Guarantee: Capital returned in full along with 20% growth at end of

term

Return: Capital along with up to 50% growth

Closing date: July 8, 2002

Commission: None

ISA

Aim: Income and growth by investing in stocks and shares

Minimum investment: Lump sum £500

Maximum investment: £7,000

Minimum-maximum term: 1 day-no maximum

Catmarked: No

Charges: Initial 5%, annual 1.25%

Commission: None

UNIT TRUST

Aim: Income and growth by investing in UK equities, Government

bonds and fixed interest securities

Minimum investment: Lump sum £500

Investment split: 100% in UK equities, Government bonds and fixed

interest securities

Isa link: Yes

Pep transfers: No

Charges: Initial 4%, annual 1.25%

Commission: None

UNIT-LINKED BOND

Aim: Income and growth by investing in UK equities, Government

bonds and fixed interest securities

Minimum investment: Lump sum £2,000

Fund links: Managed, UK equity, international, deposit, Inscape

cautious

Allocation rates: Investments £2,000-£9,999 100%, £10,000-£19,999

101%, £20,000-£49,999 102%, £50,000-£99,999 103%, £100,000

and above 103.5%

Charges: Initial 5%, annual 0.85-1.4%

Switches: Two free switches a year, thereafter subject to

negotiation

Options: None

Commission: None

WITH-PROFITS BOND

Aim: Growth and income by investing in equities and bonds

Minimum investment: Lump sum £5,000

Bonus rates: 4%

Allocation rates: Investments £2,000-£9,999 100%, £10,000-£19,999

101%, £20,000-£49,999 102%, £50,000-£99,999 103%, £100,000

and above 103.5%

Charges: Initial 5%, annual 1%

Options: None

Commission: None

Tel: 0800 302030

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