STANDARD LIFE BANK PASSES ON INTEREST RATE CUT
Standard Life Bank will take the SVR to 5.95%, effective from 1 September
2005.
Standard Lifeare also launching a nine-month discounted Freestyle mortgage, with a variable rate of 4.55% .
Andrew Boddie, Head of Marketing at Standard Life Bank, said: "Standard Life Bank is passing the full interest rate reduction to its customers. In addition, we are launching a new nine-month discount mortgage which is likely to suit first time buyers. At Standard Life Bank we design our products to suit
In other Standard life news Alan Dring has decided to leave the Bank to pursue a new opportunity closer to his home in Staffordshire.
Sales and marketing director David Macmillan said:
"Alan leaves with our best wishes for the future and my sincere thanks for his enormous contribution. Alan has been a valuable member of the team and has been integral in building the Bank as a successful and profitable business."
