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IF moves to help savers

Intelligent Finance will now be paying 0.70% more on its DAS and 0.95% more on its mini-cash ISA than at the start of 2003, whilst base rates have risen just 0.5% over the same period. The mini-cash ISA is up to 4.85%, offset mortgage is now 5.7% and tracker is at 4.94%.

Grenville Turner, chief executive, says: “This move once again underlines our commitment to helping savers make their money work harder for them. Our individual rates continue to be amongst the best in the market, but with offset banking savers can go one better and get the kind of returns – a mortgage for an effective 3.4% – that few other products can deliver.”

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