Pick of the Week - 23/02/2017

Thursday, 23 February 2017
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.


Manchester Building Society

Manchester Building Society has relaunched its easy access account, which pays 0.85% yearly. Savers must invest from £1,000 up to a maximum of £75,000. Additions and unlimited penalty-free withdrawals are permitted. This deal is for savers aged 18 and over and can be operated in branch and by post.

Savers looking for easy access to funds will be interested in this latest update from Manchester Building Society. Priced at 0.85%, this deal heads into the Moneyfacts.co.uk Best Buys and is likely to be a good choice for any saver requiring flexible access to their funds.

Principality Building Society

Principality Building Society has increased the rate on its two-year fixed rate ISA, which is now priced at 1.10% upon its anniversary or monthly. Savers can invest from £500. Additions are permitted whilst the issue remains open, and early access to funds is allowed subject to closure and 180 days' loss of interest. Transfers in from cash and stocks and shares ISAs are also permitted. This deal is for savers aged 16 and over and can be operated in branch, by post and online.

The 1.10% two-year fixed rate ISA from Principality Building Society is highly competitive, improving its position in the Moneyfacts.co.uk Best Buys. With the added bonus of early access to funds, albeit subject to a penalty and closure of the account, this is likely to be a popular choice for those looking for a short-term home for their tax-free savings.


West Brom Building Society

West Brom Building Society has reduced its two-year fixed rate mortgage, which is now priced at 1.64% to 30.4.19. This deal is for all applicants who wish to borrow from £40,000 at 65% loan-to-value. No fee is payable and an incentive package including free valuation for all borrowers and free legal fees for those remortgaging is available. This deal comes with the flexibility of being able to make overpayments of up to £999 every month.

The 1.64% two-year fixed rate deal from West Brom Building Society is highly competitive and enters the Moneyfacts.co.uk Best Buys as a result. Alongside a great rate, borrowers will be able to enjoy the absence of a fee and a decent incentive package, making this a great choice for borrowers looking to keep costs down.

West Brom Building Society's lending area does not include Scotland.

Credit Cards


Halifax has improved its 43 Month Balance Transfer Credit Card MasterCard. This deal still offers 43 months interest-free on balance transfers, but now comes with a lower introductory balance transfer fee of 2.98%, down from 3.28%. Purchases are charged at 18.9% APR. To be eligible for this deal, customers must be 18 or over and apply by post or online.

Borrowers looking to move their debts onto an interest-free credit card will be delighted by this latest deal from Halifax. The reduced balance transfer fee, now at 2.98%, will be highly appealing to those looking to minimise the upfront cost, and with 43 months interest-free it will appeal to borrowers looking for a bit of breathing space as they pay off their balance.

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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