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Leeds & Holbeck increases Step-up Saver limit

Leeds & Holbeck Building Society is increasing the maximum balance on its Step-up Saver account from £5,000 to £10,000 following strong customer demand.

The account offers a fixed rate of 5 per cent until September 2002, then 6 per cent until June 2003, and allows one withdrawal without notice or penalty.

Leeds & Holbeck head of marketing Tony Burdin says: “It is clear that customers view Step-up Saver a an ideal home for rainy day savings, offering excellent fixed rates but keeping their funds accessible. We have responded to that demand by raising the maximum balance.”


Sun Bank goes halves on flexibility

Sun Bank has designed fix & flex, a flexible mortgage that allows borrowers to split their repayments between a fixed rate and a variable rate.The mortgage is available for loans of up to 90 per cent of valuation. Under the fixed rate component, which is stepped over two years, borrowers pay 4.74 per cent until […]

Product matters

The Sun has hardly shone so far this year.With the backdrop of a fall in its relative market position, the same could be said of Sun Life. But, with forecas-ters predicting a glor-ious summer and with a new Sipp prop-osition that appears to offer everything, the future could be brighter for both.Sun Life&#39s Sipp, launched […]

Ken Davy

L ike John Prescott, Ken Davy started out on cruise liners. As a photographer on round-the-world liners, to be exact. However, he does not have the bruises to show for any encounter with his fellow Yorkshireman.For the chairman of DBS Management, too, politics have been an abiding passion. Davy became Huddersfield&#39s youngest borough counsellor and […]

Principality goes for discount

Principality Building Society is stepping lower with the introduction of the stepped rate discount mortgage.Aimed at first time buyers and people looking to remortgage, the mortgage has an initial discount of 2.66 per cent for the first year of the loan, giving it a payable rate of 3.79 per cent for loans of up to […]


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