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RBS launches new fixed rate bond

The Royal Bank of Scotland has launched a new Fixed Rate Bond with a 4.9 per cent top rate.

The one year bond offers guaranteed tiered interest rates for the full term with a top rate of 4.90 per cent gross.

It begins on 20 June 2006 and will mature 20 June 2007. The bond can be opened with an initial deposit of between £2,500 and £500,000 and customers can choose to receive their interest either monthly or annually.

RBS head of savings Angela Bartle says: “One year fixed rate bonds continue to be an attractive way to save over the short term. The Royal Bank bond gives customers the security of guaranteeing their capital without risk, with the added bonus of an attractive fixed rate of interest.”


A tight turn

Millfield’s disclosure that its talks with a buyer have fallen through and that it has now brought in turn-round consultants poses the questions of why did the deal fail and can the consultants revive the business?

Threesixty launches protection panel

Support service provider threesixty has launched a protection panel comprising Legal & General, Friends Provident, Scottish Provident, Scottish Equitable Protect, Standard Life and Scottish Widows. The panel will offer enhanced commission rates to advisers on term assurance, CI and MPPI products and will be a free service for threesixty clients. It will include a free […]

B&B returns to tied model

Bradford & Bingley is returning to a tied model as it rejects its mortgage panel of 18 lenders.The bank will sell only its own brand products and will close down its mortgage broking service as it focuses on buy-to-let, self-cert and lifetime mortgages. It says all pipeline business will be administered by B&B to completion […]

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White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.


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