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C&G cuts rates

Cheltenham & Gloucester is reducing the rates paid across mot of its investment rage but has held the rate on its Tracker account.

Rates on C&G&#39s cash Isa and Tessa Isa will both be reduced by 0.25 per cent to 4.25 and 4.30 per cent respectively. Rates on fixed rate products are unchanged.

C&G sales director Nick Hale says: “C&G has held its investment rates for over nine months and has now reduced them in line with our major competitors who have been reducing their rates throughout the summer.”

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