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Yorkshire three-year stepped-rate bond offers up to 8% return

Yorkshire Building Society is offering a stepped-rate bond with an

interest rate that can reach 8 per cent.

The rates are graduated over the three-year life of the product. In the

first year, the annual rate is 6.25 per cent, 7 per cent in the second year

and a maximum of 8 per cent in the third year.

Investors can opt for monthly interest rates of6.08 per cent in the first

year, 6.79 per cent in the second year and 7.72 per cent inthe third year.

Investors can cash in the bond at the end of each year subject to a 180-day

interest penalty rate.

The minimum investment is £5,000 and the maximum is £500,000. The bond is

available until June 30.

Corporate affairs spokes- man Iain Cornish says: “The product was created

with the thought that interest rates may be nearing their peak. This bond

offers the certainty of rate increases over its three-year life.”


Isa sales hit £1.8bn in April but IFA share falls

Isa sales almost topped the £1bn mark in the first week of April asinvestors rushed to beat the deadline for the end of the financial year.Total Isa sales for April reached £1.8bn but IFAs lost ground to theirtied and direct rivals. IFAs took 43 per cent of all investment fund Isasales, a 7 per cent […]

Perpetual rethink as Amvescap talks end

Perpetual has drafted inMerrill Lynch and Cazenoveto help review itsoptionsafter takeover talks with Amvescap fell through.The UK-owned fund manager says it has received a number of approaches frompotential buyers and is considering the best plan of action.Talks with Amvescap are thought to have broken down after it was unwillingto meet Perpetual&#39s asking price of £45 […]

Private Label fixes loan at 5.99% for two years

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Survey shows young are concerned about their financial future

The message that the state will not provide a decent level of financialsecurity in retirement is starting to hit home.A survey of 1,000 people has revealed that the younger generation inparticular are concerned about the need for good financial planning for thefuture.But when it comes to knowing how long they could live – medical advancesmean […]

Inheritance tax and estate planning – exemptions and reliefs

By Kim Jarvis, technical manager with Canada Life’s ican Technical Services Team In this article we look at the main exemptions and reliefs that are available on death. Within the article, spouse also means civil partner.   Nil-rate band Under current rules, any part of the estate that falls within the available nil-rate band (NRB), […]


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