This week's 'Money in a Minute' gives you the lowdown on the best new launches in the savings and mortgage market.
The products featured have been handpicked by the impartial research team here at Moneyfacts, so you can be sure they are all up there with the best deals in their respective fields.
To make sure you fully understand the products, we outline the technical details behind the plans before giving you our invaluable and insightful analysis.
Coventry Building Society has launched Poppy Bond a two year fixed rate bond paying 3.25% until 31.12.14 or a monthly option of 3.20%. Savers can invest from as little as £1 up to a maximum of £250,000. No earlier access is permitted however additions are permitted whilst the issue remains open. This bond is available to savers aged 18 and over and can be operated by phone or online.
Coventry Building Society is linking up with the Royal British Legion to boost the Poppy Appeal again this year by donating 0.05% of balances held in its Poppy Bond. At 3.25% until 31.12.14, this is a market leader in its sector securing a top 10 position when compared to similar accounts. It should prove popular with those looking to help a good cause as well as receive high returns. Compare 1 year fixed rate bonds and 2 year fixed rate bonds
West Brom Building Society has launched the latest issue of its WeBSave Easy Access savings account, paying 2.50% yearly including a 1.00% bonus or a monthly option of 2.47%. Savers can invest from between £10,000 and £100,000. Advance notice is not required to access funds, although only four withdrawals can be made per year, until 30 April, with the fifth withdrawal resulting in a 90 days' loss of interest penalty. The account is available to savers aged 16 and over and can be operated online only.
West Brom Building Society has expanded its savings portfolio with the launch of its WeBSave Easy Access account. Paying 2.50%, this account is amongst the market-leading no notice accounts in the market and should prove popular. Investors need to note that only four free withdrawals are permitted per interest year so careful budgeting will be required. A review will be required before the bonus expires to ensure competitive returns. Compare Instant Access Savings Accounts and Internet Savings Accounts
ING Direct had reduced rates across its 2 year variable tracker rate mortgage range including the newly priced 2.39% receiving a reduction of 0.75%. This deal is available to all borrowers who borrow between £50,000 and £2 million at 60% loan-to-value. A fee of £1945 is payable of which £195 is payable upfront. An incentive package for remortgage customers of free valuation and free legal fees is available. This package has the added flexibility of being able to make overpayments up to a maximum of 10% of the outstanding balance.
ING Direct has reduced its two-year mortgage rate priced at 2.39%, which is highly competitive and sits at the top of its sector. However, a fee £1,945 is payable but only £195 of it is payable upfront. This deal is also complimented by an attractive incentive package for remortgages and should prove popular to those with the 40% deposit required. Compare the Best Variable Rate & Tracker Mortgages
Market Harborough Building Society has launched a new 3 year fixed rate mortgage priced at 3.45% to 31.12.15. This deal is available to all borrowers who borrow between £50,000 and £350,000 at 80% loan-to-value. A fee of £495 is payable. An incentive package of refund accident, sickness & unemployment insurance for three months & refund valuation up to a maximum of £300 is available. This package has the added flexibility of being able to make overpayments up to a maximum of 10% of the outstanding balance and take payment holidays. Market Harborough Building Society has launched a very competitive new three-year fixed rate of 3.45% to 31.12.15. At a maximum 80% loan-to-value, this is the new market leading rate for this sector. Alongside its low rate, this product also boasts a cheap fee of £495 and an attractive incentive package including a three month refund for absence, sickness and unemployment insurance and a refunded valuation (max £300) to help borrowers keep initial costs down.
Barclaycard has launched a low balance transfer fee card with a fee of 0.9% based on a partial rebate. Balance transfers are interest free for 12 months. The card offers an interest purchase rate of 19.9% APR. The card is available to those with an income of £20,000 or more and aged 21 or over.
This is great news to customers looking to transfer their debt to an interest free deal with a relatively low cost. Although there may be longer deals on the market, it's the upfront fee on the balance that makes this card attractive. Compare the best balance transfer credit cards
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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