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Skipton Building Society – Two Year Step Up Bond (inserted 7/2/2000)

Type: Stepped rate savings account.

Minimum-maximum investment: £5,000-£1,000,000.

Interest rates: 6.5% until September 15, 2000, 6.75% until March 15 2001, 7% until Septermber 15, 2001, 7.5% until March 15, 2002.

Term: Until March 15, 2002.

Offer period: Until further notice.

Withdrawal penalties: Minimum withdrawal £500. Penalty free access up to 20% of investment, after this no further withdrawals allowed.

Tel: 0800 446776.


Norwich and Peterborough – Quantum Account (inserted 7/2/2000)

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&#39 notice, otherwise 50 days&#39 interest is applied.Tel: 0800 […]

Equitable deemed “unstable”

Equitable Life has taken a further blow after ratings agency Moody&#39s downgraded its financial strength and debt outlook from stable to negative.The news follows last month&#39s 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 […]

House price rise fuels rates speculation

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 […]

Fund managers cause e-commerce gap

The fund management industry is dragging down the financial services sector when it comes to e-commerce, according to two financial consultancy reports.Financial and IT consultancy CWB interviewed 103 fund managers in the UK, Europe and the US and found nearly half of financial houses do not operate e-commerce.And a PricewaterhouseCoopers report revealed although fund managers […]


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