Good rate on small savings: Nationwide and Britannia Building Societies offer attractive deals on savings and mortgages

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The Independent Online
BRITANNIA Building Society is offering competitive rates on its lower tiers. Investments of pounds 2,000 and more attract a gross rate of 7.05 per cent. Investments between pounds 10,000 and pounds 25,000 get a gross 7.3 per cent return. For even lower amounts Teachers Building Society is also offering competitive rates: 7 per cent gross on pounds 500 or more.

In the guaranteed income bond market, Consolidated Life offers the best deal for short-term small investors - a net 4.75 per cent return on its one-year bonds for pounds 2,000-plus.

----------------------------------------------------------------- SIX OF THE BEST Savings ----------------------------------------------------------------- Type Account Term *0% *25% *40% Min GIB General Portfolio 5 years 6.80 6.80 5.78 pounds 50,000 B Soc Britannia Instant 7.50 5.63 4.50 pounds 25,000 Tessa Allied Trust Bank 5 years 8.10 8.10 8.10 pounds 9,000 ----------------------------------------------------------------- *Compounded annual rate except for GIB (guaranteed income bond) ----------------------------------------------------------------- Source: Chase De Vere 071-404 5766 -----------------------------------------------------------------

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