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Nationwide offers new 2 year bond at 6 per cent

Nationwide Building Society is launching a new two-year fixed rate bond, paying 6.00 per cent gross per annum to reward its long-term members. The members&#39 Summer Bond offers one of the most competitive savings rate for a lump sum of up to £5,000. A member who invests £5,000 in the Summer Bond will have received more than £600 interest when the bond matures in June 2006.

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Out of context

•”I come from generations of tax inspectors. This is like a pilgrimage to the holy grail.” – Ian Jefferies, head of investment marketing at Friends Provident, at a drinks reception at Somerset House, the Inland Revenue headquarters. •”It is casual dress tomorrow night so get your thongs on.” – Lanson&#39s PR Georgina Mills inviting an […]

Correspondent&#39s week

One of the joys of working for a Sunday newspaper is that Mondays tend to be quiet in the office. It is a good time to catch up on important things such as planning future features and replying to readers&#39 letters. Rachel, Jeff&#39s PA, interrupts proceedings but fortunately she is more interested in talking about […]

Ship&#39s home-reversion code &#39does not include compensation scheme&#39

Safe Home Income Plans&#39 final draft for the voluntary regulation of home-reversion schemes is understood not to include financial compensation for complainants. Sources close to Ship say the complaints procedure for the new code will include the possibilities of fining the provider, suspending it or terminating its membership of the organisation but there will be […]

Savills claims UK&#39s biggest mortgage at £15.2m

A £15.2m mortgage secured by Savills Private Finance is believed to be the biggest homeloan arranged in Britain. The businessman who took out the mortgage will have to pay £69,667 interest each month. However, repayments would rise to £82,000 if interest rates went up by 1 per cent by the end of the year, as […]

Life begins at…

By Fiona Holmes, proposition communications manager Having reached a certain age (it’s the new 40 by the way), I’m having to come to terms with the fact that my peers and I aren’t as immune from illness or death as we’d like to think. That’s the problem with 30 being the new 20 and 40 […]

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