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.
Yorkshire Building SocietyYorkshire Building Society has launched a two-year fixed rate Marie Curie Bond paying at 2.25% yearly or 2.23% monthly. Savers can invest from £1,000 up to a maximum of £2 million. Additions are permitted while the issue remains open, but early access to funds is not allowed. A donation equalling 0.20% of total deposits held will be paid to Marie Curie by the provider. This deal can be operated in branch and by post or alternatively, online for those aged 16 or over.
Yorkshire Building Society has linked up with Marie Curie by agreeing to donate the equivalent of 0.20% of total deposits held in its new Marie Curie Bond. At 2.25%, this is a highly competitive deal that sits just outside the top 10. It should prove popular with those looking to help a good cause as well as receive decent returns.
Metro BankMetro Bank has launched a new one-year fixed rate bond paying 2.10% upon its anniversary or 2.08% monthly. Savers can invest from £500, but additions and early access to funds are not permitted. This deal is for savers aged 18 and over and can be operated in branch, by telephone and online.
The 2.10% one-year fixed rate bond from Metro Bank heads straight to the top of the market and enters the Moneyfacts.co.uk Best Buys as a result. This is a great choice for any saver looking to maximise their interest over the shorter term.
Virgin MoneyVirgin Money has reduced the rate of its two-year fixed mortgage, which is now priced at 2.52% until 1.2.18. This deal is for all customers who borrow up to £1 million at 80% loan-to-value. No fee is payable and an incentive package for remortgage customers of free valuation and free legal fees is available. This deal has the flexibility of being able to make overpayments of up to 10% of the outstanding balance and take payment holidays.
This 2.52% two-year fixed rate mortgage by Virgin Money is reasonably priced in the market. With no fee and an appealing incentive package for remortgage customers, this is a great choice for anyone looking to keep initial costs down.
Virgin Money’s lending area includes Scotland.
Coventry Building SocietyCoventry Building Society has launched a new two-year variable rate tracker mortgage, priced at 1.59% to 31.12.17. This deal is for all applicants who borrow at 65% loan-to-value. A fee of £499 is payable, all of which can be added to the advance of the mortgage. An incentive package of free valuation (max £670) for all borrowers and free legal fees for remortgage customers is available. This deal has the flexibility of being able to make overpayments.
Borrowers looking for a variable rate mortgage will be delighted by this latest launch from Coventry Building Society. Priced at 1.59%, this deal sits comfortably in the market, and with the added bonus of a low fee and a great incentive package, this is likely to be a popular choice for many.
Coventry Building Society’s lending area includes Scotland.
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