Summary
SAVERS are being tempted with huge interest rates of as much as 15 pc before tax. But behind the headline rate the offers look rather sickly.
Alliance Leicester's Mortgage Regular Saver, out this week, pays 12pc after 20 pc savings tax (15 pc before tax) on fixed level monthly savings of between 10 and 250 for a year. But the account is only open to those taking out a new mortgage with the bank.See the full content of this document
Extract
When 15pc Is Not Such a Good Deal
On a maximum saving of 250 a month a total of 3...
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