Co-op sets bond rate

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---------------------------------------------------------------------- SIX OF THE BEST ---------------------------------------------------------------------- Savings ---------------------------------------------------------------------- Type Account Term *0% *25% *40% Min GIB General Portfolio 5 years 6.90 6.90 5.87 pounds 50,000 B Soc Northern Rock Instant 6.75 5.06 4.05 pounds 25,000 Tessa Hinkley & Rugby 5 years 7.35 7.36 7.36 pounds 25,000 ---------------------------------------------------------------------- *Compounded annual rate except for GIB (guaranteed income bond) ---------------------------------------------------------------------- Source: Chase De Vere 071-404 5766 ----------------------------------------------------------------------

---------------------------------------------------------------------- Mortgages ---------------------------------------------------------------------- Type Source Deal ---------------------------------------------------------------------- Variable Northern Rock* 2.99% discounted rate on 90% loans. Fixed First Mortgage Securities 7.85% for 5 years on 75% loans Capped Royal Bank of Scotland 8.49% for 5 yrs on 95% loans ---------------------------------------------------------------------- *Arrangement fee of pounds 150. Household insurance through Northern Rock. ---------------------------------------------------------------------- Source :John Charcol 071-611 7000 ----------------------------------------------------------------------

THE Co-Operative Bank is marketing a four-year income bond guaranteeing to pay 6.65 per cent net to basic taxpayers. This is equivalent to a gross rate of 8.87 per cent. Minimum investment is pounds 2,000.

The bond provider is Consolidated Life, an insurance company that markets other income bonds under its name.

Over three years, General Portfolio offers an income bond paying 6.33 per cent net for investments above pounds 50,000.

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