Ten-year launch

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The Independent Online
Black Horse Financial Services is launching a 10-year bond guaranteeing an income of 5 per cent net, paid monthly, plus 50 per cent of any rise in the FT-SE 100 share index. All capital is repaid at the end of the investment period.

Four building societies have raised rates for savers, pushing instant access accounts with a balance of pounds 2,500 to 3.85 per cent gross at Britannia, 4.25 per cent at Alliance & Leicester, 4.35 per cent at Leeds and 3.95 per cent for balances over pounds 1,000 at Chelsea.

Annual interest on pounds 100,000 in Britannia's Bonus Builder Account is now 7 per cent gross.

---------------------------------------------------------------- SIX OF THE BEST ---------------------------------------------------------------- Savings Type Account Term 0% 25% 40% Min GIB Eurolife 5 years 8.00 8.00 6.80 pounds 10,000 B Soc Nationwide Instant 6.70 5.03 4.02 pounds 50,000 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 Portman 5.99% 1.1.97 on 80% loans fee pounds 295 ** Capped Royal Bank of Scotland 9.34% for 5 yrs on 95% loans fee pounds 295 *1.6% discount for 3 years; **no compulsory buildings and contents insurance ---------------------------------------------------------------- Source: John Charcol 071-611 7000 ----------------------------------------------------------------

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