P563ORACLE 563 Mon 2 Dec C4 1704:41
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RATES
Oracle's guide to interest rates.
■ Investment rates
If you pay
Banks No tax 30
Current account No interest paid
7-day deposit account 5¾-6% 5¾-6
High interest savings 8.375% 8.375
High interest cheque 8¼% 8¼
more follows >
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P563ORACLE 563 Mon 2 Dec C4 1704:31
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RATES
■ Investment rates
Building societies If you pay
Share account 7% 7%
7-day account 8½
90-day account 9½% 9½
Local authority loans
One year 10½% 7.35
(Tel.01-920 0501 after 3.30pm to find
out highest rate from local authorities
more follows >
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P563ORACLE 563 Mon 2 Dec C4 1705:18
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RATES
■ Investment rates
National Savings If ‖ou pay
Certificates No tax 30% tax
31st issue held for 5
years 7.85% 7.85%
National Savings Bank
Ordinary account 3% 3%
Ordinary account with
minimum £500 over 1 yr 6% 6%
Investment account 11½% 8.05
more follows >
Your Money ...560 Featuqe...564
P563ORACLE 563 Mon 2 Dec C4 1705:28
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RATES
■ Investment rates
No tax 30% tax
National Savings Income
Bonds ─ held 1 year 12% 8.4%
National Savings Deposit
Bonds ─ held 1 year 12% 8.4%
National Savings Yearly
Plan ─ Return over 5 yrs 8.19% tax free
more follows >
Your Money ...560 Featuqe ...564
P563ORACLE 563 Mon 2 Dec C4 1701:31
5/5
RATES
■ Interest rates for borrowers
Loan Typical cost
Bank overdraft 14.5 ─ 18.5%
Bank ordinary loan 14.5 ─ 18.5
Bank personal loan 22.6 ─ 23.8%
Mortgage rate 12.75 ─ 14.50%
Credit card up to 27.2%
Hire purchase 21.6% upwards
more follows >
Your Money ...560 Featuqe ...564