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Skipton Building Society raises minimum balances

Skipton Building Society has raised the minimum opening balance in the Midlands and South of England to deter carpetbaggers.

The society has raised the minimum opening balance to £5,000.

For accounts opened in the North in person the minimum balance is £2,000. But investments for investments of between £2,000 and £5,000 accounts must be opened in person.

The society&#39s mini-cash Isa is now only available to existing customers. The NSPCC mini-cash Isa can still be opened in the North, but may only be opened in the Midlands and the South if it is part of a branch-recommended portfolio.


Private Label discounts for three years

Private Label is launching a three year discount rate mortgage with a 2 per cent cashback.The discount is 2 per cent a year for three years, bringing the current payable rate down to 4.85 per cent up to 95 per cent loan to value.The cashback of 2 per cent is subject to a maximum of […]

West Bromwich Building Society discounts for two years

West Bromwich Building Society has launched a two-year discount-rate mortgage.The discount applies until June 30, 2001 and offers 3.5 per cent off the society&#39s current standard variable rate of 6.7 per cent, for loans up to 85 per cent loan to value.There is a £295 arrangement fee and compulsory buildings insurance is required.The redemption penalty […]

Portman Building Society donates nearly £20,000 to charity

The Portman Building Society has raised nearly £20,000 for charity.The sum comes from the donations for 1999 calendars, which feature scenic views of Portman&#39s operational area in the South of England.Half of the sum raised £9,578 has been donated to the Royal National Institute for the Deaf, with the remainder distributed to 18 smaller charities.

Premier Fund Managers launches first investment trust

Premier Fund Managers has launched its first investment trust.The Premier High Income Trust will have a split capital trust structure with two share classes, zero dividend preference shares and ordinary shares.The trusts investment objective is to generate both income and capital fro a diversified portfolio of equities and bonds. Equities are likely to account for […]

FAMR – a familiar response

Pension specialist Fiona Tait takes a look at the Financial Advice Market Review and assesses the three areas where it suggests improvements can be made With significant budget changes ruled out (for a while anyway), the pension community briefly turned its attention to the FCA’s final report on its Financial Advice Market Review (FAMR), hoping […]


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