Allied Trust is tops with Tessa

ALLIED Trust's Tessa is still the market leader for savers who can invest the full pounds 9,000 permitted for the five-year term all at once, although rates have come down from 11.68 per cent last week.

For investors with pounds 25,000 to deposit, Scarborough Building Society is paying 10.10 per cent gross with instant access through its First Post Plus account. Chelsea Building Society has relaunched its Premier Account paying 10.75 per cent gross on deposits of more than pounds 10,000. The rate is fixed until 1 February 1993, but withdrawals before 31 January 1995 will require 30 days' notice and will forfeit 30 days' interest.

Liberty Life is paying 7.35 per cent gross on its guaranteed income bond for three years on a minimum deposit of pounds 50,000.