Type: Five-year step up high-interest account.
Minimum-maximum investment: £5,000-£25,000(single)/£50,000(joint)
Interest rates: 5.5% until January 31, 2001, 6% until January 31, 2002, 6.5% until January 31, 2003, 7% until January 31, 2004, 8.5% until January 31, 2005.
Term: Until January 31, 2005.
Offer period: Until further notice.
Withdrawal penalties: Subject to 50 days' notice, otherwise 50 days' interest is applied.
Tel: 0800 883322.
The average UK house price rose by 2.4 per cent in January giving an annual rate rise of 16 per cent, according to Halifax, further fuelling speculation on an interest rate hike.When compared with January 1999 figures the increase gives a projected annual house price inflation rate of 16 per cent.The surge takes the average […]
Equitable Life has taken a further blow after ratings agency Moody's downgraded its financial strength and debt outlook from stable to negative.The news follows last month's Court of Appeal ruling that Equitable had acted unlawfully in reducing bonuses for 90,000 policyholders with guaranteed annuity rates.The next step in the proceedings will take the case before […]
Scottish Life International is issuing a fourth tranche of its popular income and growth bonus fund and the terms are good. It pays 11.2 per cent gross annual income or 2.7 per cent gross quarterly income and offers growth investors 35.6 per cent gross over a three-year period. The bond is linked to the FTSE […]
Zurich IFA Group is giving members of its mortgage network free Certificate in Mortgage Advice and Practice training in a move to “endorse professionalism in the industry”.ZIFA is running a national programme of 60 one-day revision courses featuring practical CeMAP revision over the next few months.CeMAP revision delegate Lee Warman of ABG Financial Services says: […]
On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.
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Financial advisers waste almost five hours a week doing menial tasks, according to a study by adviser tech platform Advicefront. With an average hourly wage of £46.38, one hour in eight is spent on unnecessary tasks and costs advisers £220 per week in wasted time. The survey asked advisers how much time they spend weekly on […]
Last week, the excellent Money Marketing Interactive Harrogate event took place, where I was fortunate enough to be part of the panel on diversity in advice. Last week also saw the 10th anniversary of the Lehman Brothers’ collapse. “If it had been Lehman Sisters rather than Lehman Brothers, the world might look a lot different […]
The total value of pension transfers fell from £10.6bn in the first quarter of the year to £8.2bn in the second quarter, the latest figures from the Office for National Statistics show. According to AJ Bell, this is the first drop in value of pension transfers since the second quarter of 2016. The figures coincide with […]