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Sunday 24th of May 2009

News Tag: 3%

April 6, 2009

Alliance & Leicester announces 3% fixed-rate ISA

by David Masters
Alliance & Leicester announces 3% fixed-rate ISA
Santander-owned Alliance & Leicester (A&L;) has launched a new individual savings account (ISA) designed to attract customers who may have been put off saving by the current climate of low interest rates. The one-year fixed rate bond ISA pays interest at 3.00% tax free, with the account maturing on 1 May 2010. Minimum deposit is £500, and transfers from existing ISAs are ...



March 18, 2009

Only 1 in 25 savings accounts pays 3% interest

by David Masters
Only 1 in 25 savings accounts pays 3% interest
Fewer than 4% of instant access savings accounts pay AER at 3% or above, according to new research from Sainsbury's Finance. A survey of accounts by the supermarket bank found that just 14 of the 367 instant access accounts currently available in the UK pay interest of 3% or more on balances of £5,000. The average interest rate paid by ...



March 4, 2009

Abbey’s new instant access saver pays 3%

by David Masters
Abbey's new instant access saver pays 3%
Abbey has launched a new issue of its instant access saver account, paying interest at 3% gross/AER. This is equivalent to 2.4% after tax. It should be noted that the 3% rate includes a 1.5% bonus for the first 12 months. Savers can invest anything from £1,000 to £2 million, and can make an unlimited number of withdrawals without incurring any penalty. The ...



February 25, 2009

Halifax unveils 3% fixed-rate ISA

by David Masters
Halifax unveils 3% fixed-rate ISA
Halifax this week launched the ISA Direct Reward, a new individual savings account with interest guaranteed at 3.00% AER/Gross for the first 12 months. The ISA requires a minimum deposit of £1,000, which must be maintained throughout the 12 month period. Unlimited deposits up to the £3,600 tax-free allowance are allowed, but withdrawals are limited to four in the first year. Customers can open the ...



February 5, 2009

Abbey issues 5% Super Saver

by David Masters
Abbey issues 5% Super Saver
Abbey launched a number of new savings accounts this week, including new issue bonds and a Super Saver account. The new bonds pay gross interest at a fixed rate of 2.25% for one year, or 3% for three years. Both options pay more than the current Bank of England base rate. The new 12-month Super Saver pays gross interest at 5% for one year. Customers can ...



November 6, 2008

Tracker loans whisked away as base rate cut to 3%

by Gill Montia
Tracker loans whisked away as base rate cut to 3%
Leading lenders withdrew tracker mortgages just hours before the Bank of England's Monetary Policy Committee agreed an historic 1.5% cut in the base rate, to 3%. Lloyds TSB and its Cheltenham & Gloucester (C&G;) unit, Northern Rock and Woolwich have all withdrawn tracker products today. Yesterday, the Council of Mortgage Lenders (CML) warned that lenders would not necessarily ...