Portman Building Society increases fixed savings rates

Portman Building Society has announced that it is boosting the rates on its fixed rate savings products following the recent increase in the Bank of England Base Rate.

All the changes are effective from 1 June 2007.

Product Changes

1 Year Income Bond – rate increased to 5.84% gross/6.00% AER
1 Year Fixed Interest Bond – rate increased to 6.00% gross/AER
1 Year Fixed Rate ISA – rate increased to 6.00% gross/AER
1 Year Fixed Rate TESSA Only ISA – rate increased to 6.00% gross/AER

Commenting on the changes, James Wright, Associate Director of Marketing said, “Market movements are now very much in favour of savers and the changes to our fixed rate savings products reflect this. This is a great time for savers to secure a leading rate over the next year.”