Pick of the Week - 15/12/2016

Thursday, 15 December 2016
money
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

Hampshire Trust Bank

Hampshire Trust Bank has reviewed its three-year fixed rate bond, which now pays 1.50% upon its anniversary. Savers must invest from £1,000 up to a maximum of £250,000. Additions and early access to funds is not permitted. This deal is for savers aged 18 and over and can be operated by post and online.

The 1.50% three-year fixed rate bond from Hampshire Trust Bank is highly competitive, sitting comfortably towards the top of the market. However, with no early access to funds, savers must ensure they have enough funds left over for life’s little emergencies.


Ikano Bank

Ikano Bank has increased the rate on its five-year fixed rate bond, which now pays 2.05% upon its anniversary or 2.03% monthly. Savers must invest from £1,000 up to a maximum of £1 million. Additions are permitted within 14 days of the account opening, however early access to funds is not allowed. This deal is for savers aged 18 and over and must be operated online.

Internet investors looking for a long-term home for their savings will have their interest peaked by this latest update from Ikano Bank. Paying 2.05%, this deal heads straight to the top of the Moneyfacts.co.uk Best Buys, making it a great choice for savers.

Mortgages

NatWest

NatWest has reviewed selected fixed rates across its range, including its five-year fixed rate which is now priced at 1.98% to 30.4.22. This deal is for first and second-time buyers only who borrow between £25,000 and £2 million at 60% loan-to-value. A £995 fee is payable, all of which can be added to the advance of the mortgage. This deal comes with the flexibility to make overpayments of up to 10% of the outstanding balance.

Borrowers looking for a high-street brand will be intrigued by this latest update from NatWest. Priced at 1.98%, this deal has a reasonable rate for its sector, and is therefore likely to be an option many borrowers will consider.

NatWest’s lending area includes Scotland.

Furness Building Society

Furness Building Society has launched a new two-year fixed rate mortgage, priced at 4.19%. This deal is for all applicants who wish to borrow between £20,000 and £300,000 at 95% loan-to-value. No fee is payable and an incentive package for remortgage customers of free valuation and a choice between free legal fees or a £150 rebate is available. This deal comes with the flexibility to make overpayments of up to 10% of the mortgage advance.

This 4.19% two-year fixed rate mortgage sits comfortably within the market. With the bonus of no fee and a great incentive package, this is likely to be a cost-effective choice for anyone looking to keep their initial costs down.

Furness Building Society’s lending area includes Scotland.


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. 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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