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Money in a Minute - Savings & Mortgages

Money in a Minute - Savings & Mortgages

Category: Money

Updated: 15/11/2012
First Published: 15/11/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.co.uk, 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.

Savings

GE Capital Direct

GE Capital Direct has launched a new 18-month fixed rate bond paying 2.90% yearly or a monthly option of 2.86%. Savers can invest from £1,000 up to a maximum of £100,000. No further additions or early access is permitted with this account. This account is available to savers aged 18 and over and can be operated online only.

GE Capital Direct has launched of a new 18-month bond paying 2.90%. This is highly competitive deal when compared to similar accounts sitting comfortably in the top ten. This is deal is likely to prove popular particularly with those who are looking for a straightforward account to invest their money.

National Counties Building Society

National Counties Building Society has launched a one-year fixed rate ISA paying 2.69%. Savers can invest from £1,000. Savers can make further additions whilst the issue remains open. Early access is allowed, although this is upon account closure and is subject to a 99 day loss of interest penalty and transfers in are accepted. The account is available to savers aged 16 and over and can be operated in branch, by post, telephone or online.

National Counties Building Society one-year fixed ISA 2.69% sits comfortably within the top ten of 1 year ISAs. With the flexibility of both additions and early closure being permitted it should appeal to both new ISA investors and those transferring an existing ISA. Looking for a competitive short term investment should find this deal particularly attractive.

Compare the Best Savings Rates & Accounts - Our team of independent experts have chosen a selection of all the Best Buy savings accounts that you can apply for online today.

Mortgages

Nationwide Building Society

Nationwide Building Society has revamped its variable tracker rate range, including its newly priced 2.99% for two years. This deal is for all borrowers who borrow between £25,000 up to £1 million at 70% loan-to-value. A fee of £999 is payable or reduced to £499 for first-time buyers. Remortgage customers can benefit from an incentive package of free valuation and free legal fees. This deal has the added flexibility of being able to make overpayments up to a maximum of £500 every month.

Nationwide Building Society has reduced it variable tracker rate for two years by 0.10%, now paying 2.99% for two years. This deal is highly competitive sitting comfortably in the top ten in its sector. A reasonable fee of £999 or £499 for first-time buyers is payable. Remortgage customers can enjoy a good incentive package of free valuation and free legal fees helping to keep those initial costs down.

Skipton Building Society

Skipton Building Society has reduced several fixed rates across its range including the newly priced 4.59% to 28.2.23. This deal is available is available to all borrowers who borrow at 75% loan-to-value. A fee of £995 is payable and an incentive package for remortgages of free valuation and free legal fees are available. This deal also has the added flexibility of being able to make overpayments up to a maximum of 10% of the outstanding balance and take payment holidays.

Skipton Building Society has reduced its ten-year fixed rate offering now priced at 4.59% to 28.2.13. On rate alone this product is highly competitive and is currently the market leading rate in its sector. With a reasonable fee and a good incentive package for remortgage customers this deal is likely to prove popular.

Compare the Best Mortgage Deals - Our whole of market search & independent best buy tables will help you compare the best mortgage rates available.


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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