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Woolwich – High Interest Account (inserted 19/1/2000)

Type: Bond guaranteed to pay rate of interest higher than the Bank of England Base Rate until July 1, 2000 and tracks base rate thereafter.

Minimum-maximum investment: £500-no maximum.

Interest rates: 6% between £500 and £24,999, 6.25% between £25,000 and £49,999 and 6.5% for amounts higher than £50,000.

Term: Until February 28, 2001.

Offer period: Until further notice.

Withdrawal penalties: None.



Smile wiped from iMac users

Internet bank Smile is whipping the happy look from Apple Macintosh users trying to log on to the new online arm of the Co-operative bank.Apple iMacs users logging on to Co-operative bank&#39s Smile have been greeted by a blank screen instead of the Smile logo. Smile is blaming the Mac system while Mac experts say […]

Norwich Union slashes bonuses

Norwich Union is slashing its bonuses for with-profits endowment policyholders.The annual bonus on the sum assured on a conventional savings endowments is being cut from 2 to 1.5 per cent. The bonus on previous annual bonuses falls from 3.25 to 2.75 per cent.A person cashing in a 10 year £50 a month policy taken out […]

Misys pulls out of takeover after fact-find fiasco

Misys has pulled out of takeover talks with M&E Network owners Greatminster group after subsidiary network Interdependence admitted botching an undisclosed number of pension review cases. The Hampshire-based 120 member network which was bought by Tenet, a subsidiary of M&E Network owner Greatminster Group in January last year, admits it failed to keep accurate records […]


Equitable Life could be stung with a £1.5bn bill after seeming to lose its long-running legal battle on guaranteed annuities in the Court of Appeal.A panel of judges ruled by a two-to-one majority Equitable Life&#39s move to cut 90,000 pension bonuses was unlawful. The life office had wanted to cut the bonuses of guaranteed annuity […]

Pension savings-2015

Pension tax relief: parked (for the moment)

The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]


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