Five-year S&P deal

SAVE & PROSPER is launching a five-year Guaranteed Income Bond offering 7.75 per cent net on investments over pounds 5,000. The bond, offering a monthly and an annual income option, pays 7 per cent net over three years.

Royal Bank of Scotland has increased its savings rates across a range of accounts. Its Gold Ninety account, which pays interest annually, now offers 6.05 per cent gross on sums above pounds 50,000, up from 5.75 per cent previously. For sums between pounds 2,000 and pounds 9,999 the rate is 4.5 per cent gross, up from 4.2 per cent.

Portman Building Society is extending to 31 October the availability of its five-year step-up account, which offers 7 per cent gross in year one, rising to 12 per cent in year five.

---------------------------------------------------------------- SIX OF THE BEST ---------------------------------------------------------------- Savings Type Account Term 0 25 40 Min GIB Family Life Assurance 5 years 7.60 7.60 6.46 pounds 2,000 B Soc Northern Rock Instant 6.65 4.98 3.99 pounds 20,000 Tessa Market Harborough 5 years 7.60 7.60 7.60 pounds 9,000 ---------------------------------------------------------------- Source: Chase De Vere 071-404 5766 ---------------------------------------------------------------- Mortgages Type Source Deal ---------------------------------------------------------------- Variable Alliance & Leicester 6.5 up to 90 loans* Fixed Northern Rock 5.99 15.1.97 on 95 loans fee pounds 250 Capped Royal Bank of Scotland 9.34 for 5 yrs on 95 loans fee pounds 295 ---------------------------------------------------------------- *1.6 discount for 3 years Source: John Charcol 071-611 7000 ----------------------------------------------------------------