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Chase de Vere offers high interest bond

IFA Chase de Vere is offering a variable rate bond in conjunction with Woolwich that offers a 7.20 per cent per annum gross interest rate.

The 10 month bond aims to capitalise on findings from a study conducted by the company that indicate the average UK household is losing £1,000 in interest.

Despite the fact that market-leading savings products are paying in excess of 7 per cent per annum, the average interest rate collected by investors is only 2.9 per cent, hence the loss.

The minimum investment on the capital guaranteed bond is £10,000.

Chase de Vere&#39s Moneyline manager Janine Starks says: “The Woolwich bond is just the sort of solution for savers that Chase de Vere&#39s Moneyline specialises in. As well as offering the top variable rate on the market, it also provides a monthly income option.”


Woollard will quit campaign if he loses vote

Carpetbagger Fred Woollard may quit his campaign to force Standard Life to demutualise if fewer than half of policyholders vote for it according to Financial Times.A vote will be held June 27 at which point the mutual life office&#39s 2.3m policyholders will decide if they want the company to convert or not. If demutualisation does […]

Need for mortgage payment cover is stressed by lenders

The take-up of mortgage payment protection insurance is rising slightlybut is nowhere near the levels it needs to be, says the CML.It says the numbers buying MPPI is moving up slowly, with 17 per cent ofpeople with a mortgage taking out the policies in 1999 compared with 16.6per cent in 1998. But it says many […]

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There hasn&#39t been much change at the top of my favourite list this year.Perhaps I should say my favourite business list. I refer, of course, toFortune Magazine&#39s list of the US top 500 corporations. The Fortune 500 hasbeen around for a long time now and it makes fascinating reading.Fortune ranks companies by sales. Other measures […]

HSBC Enterprise Fund reaches milestone

HSBC&#39s UK Enterprise Fund has invested in its 200th small business and is half way to achieving its eventual goal of 400 smaller businesses.The milestone was reached as the bank put £250,000 into MMI, a technology management company based in Cambridge.HSBC head of innovation and growth unit David Gill says: “I anticipate spending my time […]


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