Welcome to this week's Money in a Minute - your one-stop-shop for the best new personal finance products on the market.
This week we start with a couple of cracking savings accounts, and two new mortgages from Yorkshire Bank and Market Harborough.
As usual, products are broken up into technical details and impartial product analysis, so you can be sure the information is 100% reliable.
Yorkshire Bank - Product details
Yorkshire Bank has reduced the rate of its fixed first-time buyer deal to 5.99% to 31.7.15. The maximum loan-to-value is 95% and the minimum advance is £25,000. No arrangement fee is payable and borrowers also have the incentive of a free valuation.
Following a rate reduction of 0.20%, this 95% LTV deal from Yorkshire Bank features at the top of the market. As well as a competitive rate, borrowers do not have to pay an arrangement or valuation fee, which will appeal to first-time buyers looking to keep costs down.
Market Harborough Building Society - Product details
A new discounted variable rate mortgage has been launched offering a rate of 3.05% (2.44% discount) for two years. The maximum loan-to-value is 80% and customers can borrow between £35,000 and £350,000. A fee of £895 is payable. A generous incentive package is offered with this deal including refunded accident, sickness and unemployment insurance for three months, a refunded valuation and a £10 rebate. Remortgage borrowers also have the incentive of free legal fees.
This new discounted variable deal offers a competitive rate of 3.05% for two years to borrowers with deposits of 20% or more. This is an attractive mortgage package overall with a reasonable fee and a wealth of incentives for both purchase and remortgage customers.
Sainsbury's Bank - Product details
Sainsbury's Bank has launched a new Fixed Rate Saver bond paying 3.85% on its anniversary. A monthly interest option is also available at the same rate. Savers can invest between £5,000 and £50,000. Further additions and early access are not permitted. The account is available to savers aged 18 and over and can be operated by telephone or online.
The latest savings product review from Sainsbury's Bank has seen the launch of a new three year bond paying a market leading rate of 3.85%. This account should appeal to savers looking for a competitive return on large investments of £5,000 and above.
Secure Trust Bank - Product details
Secure Trust Bank has launched a new issue of its Fixed Rate Bond 5 Year Term deal paying an annual rate of 4.52%. Savers can invest between £1,000 and £1 million. Further additions and early access are not permitted. This account is available to savers aged 18 and over and can be operated by telephone or post.
Secure Trust Bank has re-launched its five year fixed rate bond paying a highly competitive rate of 4.52%, which should appeal to savers with a minimum deposit of £1,000. As with most long-term bonds, savers must be willing to lock their money away for the duration of the five year term.
Find the best savings rates for you - Compare savings accounts
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.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.