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Chelsea offers fixed rate bond

Chelsea Building Society is launching a new fixed rate bond paying 4.2 per cent until July 6 2004. After July 7 the Chelsea Net Bond, will have an interest rate of at least 0.2 per cent above the rate applying to the building society&#39s Instant Option at that time. Interest payments will be made annually on September 1 from 2003 and can be added to the bond or transferred to another account.

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Leeds & Holbeck offers free conveyancing on base rate tracker

Leeds & Holbeck is offering a free in-house legal services to borrowers taking out its new base rate tracker mortgage. The mortgage, available to customers who apply by October 18, 2002, guarantees to match the Bank of England base rate plus 0.29% until 1 November 2004, giving a current pay rate of 4.29%.Loans are available […]

Scottish Mutual expands options for fourth bond issue

Scottish Mutual has introduced the fourth issue of its income and growth plan, a guaranteed equity bond that is linked to the Eurostoxx 50 index through a Dublin-based company called Quaich Investments 8.The plan has two options. The balanced income and growth option offers annual income of 8 per cent, quarterly income at 1.9 per […]

&#39Pensions will beat the performance of buy to let and Isas&#39

Pensions remain the best retirement savings vehicle and will outperform long-term saving in an Isa or property, Legal & General pensions strategy manager Adrian Boulding argued at last week&#39s Pensions in Crisis conference in London.Taking a swipe at the buy-to-let market, Boulding told the conference that tax relief on pensions coupled with historic long-term returns […]

Standard Life cuts bonus and imposes MVR

Standard Life is cutting terminal bonus by ten per cent and imposing a market value adjuster of 10 per cent.Standard says it has been forced to take this action following recent stockmarket falls and some recent increases in withdrawals. Standard Life group finance director John Hylands says: “We have taken this action to ensure all […]

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