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Money facts

Article Abstract:

Building society and bank rates are surveyed, with typical rates given as a guide for borrowers and savers. Rates are given for people paying tax at 40% and 25%, with rates also given for non-taxpayers. Building societies generally offer higher interest rates for higher investments. The costs of fuel and inflation during 1987-1992 are also compared, with gas prices having increased more slowly than inflation and electricity prices having marginally exceeded inflation. Mortgage interest repayments far exceeded inflation during the same period.

Economic aspects, Services, Bank accounts

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Called to account

Article Abstract:

Long-term investors at banks and building societies are not always awarded preferential interest rates. Building societies such as the Alliance and Leicester, Northern Rock and Royal Bank of Scotland offer low interest rates on instant access savings accounts in comparison to other high street banking establishments. The Newbury Building Society offers good instant premium interest rates.

Banking industry, Finance, Bank fees

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Money facts

Article Abstract:

Interest rates for savers with accounts in building societies, banks, TESSAs, National Savings and Gilts are compared. Rates for borrowers with agreed overdrafts, credit cards, mortgages and personal loans are compared. Base rates were 7% on Jan 11, 1993 when these figures were assembled. A graph shows the varying prices of petrol and oil and of eating out between 1987 and 1992.

Loans

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