SAVINGS institutions have rushed to cut the return on deposits after the Bank of England lowered interest rates, with National Savings & Investments leading the way.
I TOOK out an endowment mortgage on August 1, 1992, for £24,000. A year or two later I transferred to a repayment mortgage, but kept paying the endowment part.
OLIVANT, the investment group led by former Abbey National boss Luqman Arnold, yesterday said its rescue plan for Northern Rock would involve a £450-650 million rights issue from the bank.