Pick of the week - 12.11.15

Thursday, 12 November 2015

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.

Savings

Nottingham Building Society

Nottingham Building Society has increased the rate paid on its easy access account, e-Saver Instant Issue 3, by 0.27% to pay a competitive 1.52% yearly. Savers can invest from £500 up to a maximum of £250,000. Further additions and access to funds can be made at any time without penalty or notice. This deal must be operated online by those aged 16 or over.

The e-Saver Instant from Nottingham Building Society gets a decent interest rate rise, which boosts its appeal and earns it a place in the Moneyfacts.co.uk Best Buys as a result. Paying a competitive 1.52% yearly, savers looking for easy access to funds and simple online management are likely to find this deal appealing.


Shawbrook Bank

Shawbrook Bank has increased the rate paid on its 120-day notice account, which now pays 1.90% yearly to secure a market-leading position. Savers can invest from £1,000 up to a maximum of £500,000, but additions are only allowed while the issue remains open and early access is not permitted. This deal must be operated online by those aged 18 or over.

This latest spell of rate increases from Shawbrook Bank secures its 120-day notice account a market-leading position in the Moneyfacts.co.uk Best Buys. Savers looking for a competitive rate of interest will be delighted by this latest deal but customers must be comfortable tying up their money and make any additions before the issue closes.


Mortgages

Principality Building Society

Principality Building Society has amended its mortgage range and now offers a fixed rate deal priced at 2.75% until 31.12.20. This deal is for all customers who borrow up to £650,000 at 75% loan-to-value. A fee of £99 is payable upfront and an incentive package of free valuation for all customers and free legal fees for those remortgaging is available.

Priced at 2.75%, this five-year fixed rate mortgage from Principality Building Society is a great option for those looking to take advantage of a low rate over a longer fixed period. An appealing incentive package coupled with a low fee makes this a great choice for borrowers who are looking to keep upfront costs to a minimum.

Principality Building Society’s lending area excludes Scotland.


Newcastle Building Society

Newcastle Building Society has launched a new fixed rate mortgage range, including a deal priced at 3.19% until 31.1.18. This deal is for all customers who borrow from £10,000 at 90% loan-to-value. There is no product fee to pay and an incentive package of free valuation (max £500K property price) is available for all borrower types. Homebuyers will also get a £300 rebate while remortgage customers will get free legal fees in England and Wales or a £300 rebate in Scotland. This deal has the flexibility of being able to make overpayments.

Newcastle Building Society’s new fixed rate mortgage priced at 3.19% to 31.1.18 has an excellent incentive package and is on offer to borrowers who have a modest 10% deposit. Those looking to keep upfront costs low will find this fee-free deal, which comes with various incentives, including a free valuation and a £300 rebate for purchase customers, highly attractive.

Newcastle Building Society’s lending area includes Scotland.


Credit Cards

Barclaycard

Barclaycard has lengthened its 0% interest introductory deal on its 12-month balance transfer credit card to 19 months. The introductory balance transfer fee of 2.00% will be refunded to nil. The card also offers an interest-free deal for purchases for six months. After the deals expire, purchases will be charged at 18.9% APR, while balance transfers will attract a charge of 18.9% per annum.

Barclaycard continues to offer an array of credit cards for different customers and this latest change will be highly appealing to borrowers looking to move their debts for little cost. Increasing the interest-free deal on balance transfers to 19 months and refunding the balance transfer fee completely makes it one of the few cards on the market to boast a decent interest-free term with no fee.


Notes to editors: Publications are free to reproduce the tables and comments for their readers and the correct sourcing should read Moneyfacts.co.uk. Online publications are also free to reproduce the tables and comments for their viewers by sourcing a hyperlink to Moneyfacts.co.uk on any page that uses the information provided.


About Moneyfacts

Moneyfacts 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.

Moneyfacts also supplies Best Buy charts to many of the UK national and regional newspapers, with a total weekly readership in excess of 22,000,000. Our dedicated research experts produce five monthly publications as well as providing real-time news and data services to the majority of banks and building societies. Additional information can be found at www.moneyfactsgroup.co.uk.


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