The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
Brief product details together with independent Moneyfacts analysis can be used with confidence in your finance sections. You can select one or two products to sit beside a relevant story or use them all as a general feature.
Close Brothers SavingsClose Brothers Savings has increased the rate on its two-year fixed rate bond, which now pays 2.20% upon its anniversary. Savers must invest from £10,000 up to a maximum of £1 million. Additions and early access to funds is not permitted. This deal is for savers aged 18 and over and can be operated online only.
Internet investors will be intrigued by this latest updated from Close Brothers Savings. Paying 2.20% this deal sits within the top 10 in the market. This is great for savers who are looking to fix for the shorter term, but with no early access to funds, savers will need to be happy locking their money away.
Secure Trust BankSecure Trust Bank has re-launched its popular five-year fixed rate bond, which now pays 3.08% yearly. Savers must invest from £1,000 up to a maximum of £1 million. Additions are permitted while the issue remains open, however no early access is allowed. This deal is for savers aged 18 and over and can be operated by post or telephone.
This 3.08% five-year fixed rate bond is highly competitive and heads straight into the Moneyfacts.co.uk Best Buys. With a great rate this is likely to be a popular choice for savers looking to lock away their savings for the longer term.
Yorkshire BankYorkshire Bank has amended its five-year fixed rate deal, which is now priced at 3.39% until 30.11.20. This deal is for all applicants who borrow a minimum of £100,000 at 90% loan-to-value. A fee of £999 is payable, all of which can be added to the advance of the mortgage. An incentive package for remortgage customers of free valuation and free legal fees is available. This deal also has the flexibility of allowing borrowers to make overpayments.
Borrowers with a 10% deposit will be delighted by this latest update from Yorkshire Bank. Priced at 3.39%, this deal is now the lowest rate in its sector. Coupled with a reasonable fee and a great incentive package, this Moneyfacts.co.uk Best Buy is likely to be a cost-effective option for many.
Yorkshire Bank’s lending area includes Scotland.
Norwich & Peterbrough Building SocietyNorwich & Peterborough Building Society has launched a new two-year fixed rate mortgage, priced at 1.59%. This deal is for remortgage customers only who borrow from £50,000 at 65% loan-to-value. No fee is payable and an incentive package of free valuation and free legal fees is available. This deal has the flexibility of allowing borrowers to make overpayments of up to 10% of the outstanding balance, make underpayments and take payment holidays.
The 1.59% two-year fixed rate from Norwich & Peterborough Building Society is reasonably priced in the market. With no arrangement fee to pay and a great incentive package of free valuation and free legal fees, this is likely to be a popular choice for those looking to keep their remortgage costs down.
Norwich & Peterborough Building Society’s lending area does not include Scotland.
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About MoneyfactsMoneyfacts is the UK’s leading independent provider of personal finance information. For two decades, Moneyfacts’ information has been the key driver behind many personal finance decisions.
Moneyfacts.co.uk is a completely independent comparison site that helps consumers make better financial decisions. Our constantly reviewed Best Buys help people find the best savings rates and credit cards while our mortgage calculator and loan calculator search the whole market to find the best products.
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