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Cheltenham & Gloucester cut savings rates

Cheltenham & Gloucester Channel Islands is reducing the interest rates on all its investment accounts by 0.5 per cent.

For balances of more than £100,000 in its Guernsey 30 account, rates will drop to 5.75 per cent. Balances at £25,000 drop to 5.7 per cent and balances at £5,000 to 5.5 per cent.

Investors with £250,000 in Guernsey Gold will now receive 4.9 per cent. The lower tiers of £100,000, £25,000 and £5,000 are now 4.7 per cent, 4.35 per cent and 3.9 per cent respectively.


Skipton cuts rate to 6.89 per cent

Skipton has cut the rate on its variable rate mortgage to 6.89 per cent.This will bring the 3-year discount down to 3.89 per cent in the first year for loans up to 75 per cent LTV and 4.89 per cent for loans up to 95 per cent LTV.Borrowers can repay up to 10 per cent […]

Baillie Gifford launches life office

Baillie Gifford is launching a life office to capitalise on the move to defined contribution schemes in the pensions market.It is the first fund manager to set up a life operation since publication of the Treasury paper on Lifelong Individual Savings Accounts, which is expected to accelerate the trend towards DC plans.Baillie Gifford Life will […]


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