View more on these topics

Norwich & peterborough – Quantum Account (12th issue)

Friday, September 13, 2002

Type: High interest account

Minimum-maximum investment: £1,000-£25,000 single life, £50,000
joint life

Interest rates: 4% gross a year until September 30, 2003, 4.25%
gross a year until September 30, 2004, 4.5% gross a year until
September 30, 2005, 5% gross a year until September 30, 2006,
6.5% gross a year until September 30, 2007

Term: Five years

Offer period: Until further notice

Withdrawal penalties: 50 days&#39 loss of interest

Tel: 0845 3002511


CML warning on higher income multiples

The Council of Mortgage Lenders warns a recent acceleration of borrowing at higher income multiples may be a sign that affordability constraints are starting to bite. Its latest monthly says interest rates may not have to increase by very much to make mortgage payment difficult for some borrowers. It says the outlook for the housing […]

Days of swine and roses

Spare a thought for the little piggies that are going to market to raise £1.6bn to save their bacon.Zurich Financial Services&#39 promise that pigs can fly has succumbed to the laws of gravity and the company has announced the closure of its much-hammed-up banking operations with job losses of up to 4,500.Clearly, Zurich is hoping […]

Societies&#39 margins are squeezed

Despite building societies becoming more cost-effective, their margins are narrowing as competitive pressures increase.KPMG&#39s latest review of all 65 societies&#39 latest financial statements reveals that around two-thirds reported a reduction in net interest margins as a result of passing the benefits of mutuality back to members and market pressures.Its building societies data-base 2002 shows that […]

ABI warning on NHS costs

The Department of Health’s proposals to recover costs for the NHS in personal injury cases will add significantly to the costs of employers’ liability insurance, warns the ABI. The ABI estimates the proposals will increase employers’ liability insurance premiums by around 7 per cent.ABI head of general insurance John Parker says: “While we recognise that […]

Benefits of using a probate bare trust

Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm