C&G postal account is overtaken
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.INTEREST on the Cheltenham & Gloucester postal share account has fallen to 7.5 per cent net, or 10 per cent gross, from its previous level of 7.8 per cent net or 10.4 per cent gross on a minimum deposit of pounds 2,500. This means that the similar instant access postal account from Bristol & West, offering 7.84 per cent net or 10.45 per cent gross on a smaller deposit of pounds 2,000 is now the best buy.
Also attractive to savers are postal accounts from the Scarborough, offering rates of 7.5 per cent net, or 10 per cent gross on a deposit of pounds 1,000, and the Norwich and Peterborough, which offers 7.54 per cent net, or 10.05 per cent gross on the same amount.
Stroud and Swindon Building Society's Tessa looks like the best buy with a rate of 11.6 per cent on an initial deposit of pounds 100. This is the highest at present on a Tessa without early transfer penalties.
Allied Trust Bank is still offering 12.68 per cent if you can put pounds 9,000 into a feeder account, but the rates are variable. National & Counties Tessa pays out the high rate of 12 per cent gross, but this is subject to the high transfer penalty of 90 days' loss of interest.
Aegon Life's one-year guaranteed income bond now pays 8.6 per cent to basic-rate taxpayers who can afford to invest pounds 50,000. It is still the best buy in the guaranteed income bonds market.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments