Briefly: HYB rates increase

ABBEY NATIONAL is increasing the returns on its High Yield Bond for larger savers. While rates on the other accounts have gone down, gross rates on investments between pounds 25,000 and pounds 50,000 have been put up from 7.1 per cent to 7.55 per cent, and rates on investments between pounds 50,000 and pounds 100,000 have been increased from 7.35 per cent to 7.9 per cent.

Two new tiers have been created, earning higher returns. Investments between pounds 100,000 and pounds 200,000 will now obtain a return of 8.1 per cent, and investments over pounds 200,000 will see a return of 8.5 per cent.