Business Services Industry
Daily Mail, London, Sylvia Morris Column.
Knight Ridder/Tribune Business News, March, 2002
By Sylvia Morris, Daily Mail, London Knight Ridder/Tribune Business News
Mar. 27--There is good news for savers willing to tie their money up in secure fixed-rate bonds.
No fewer than six leading groups -- National Savings & Investments, Halifax, Abbey National, Woolwich, Bradford & Bingley and Legal & General -- have raised the interest rates they will pay to those buying now.
Rates have risen by as much as 0.35 pc. Savers have also been handed a second fillip as the underlying rate of inflation tumbled to 2.2 pc this month from 2.6 pc last month. They are losing out less to rises in the cost of living.
Base rate is expected to rise to 5 pc by the end of the year, according to some forecasts, and these new deals give savers the...
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