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.
Norwich and Peterborough Building Society
Norwich and Peterborough BS has extended its range of fixed rates with the launch of an 18-month fixed rate bond. Offering a rate of 3.35% yearly, this account is highly competitive when compared to other products with similar terms and should prove popular. However, as is common within the fixed rate market, no further additions or earlier access is permitted.
M&S Bank has launched the M&S Monthly Saver account to coincide with the launch of its current account. At 6.00% for one year, the new monthly saver is highly competitive and sits just below the market leader. Customers need to be aware that to be eligible for this deal they will need to take out the M&S Premium Current Account. Although early access is permitted this is only allowed on closure and results in a fall in rate to 1.35%.
Find the best savings rates for you - Compare savings accounts
Yorkshire Bank has today added to its mortgage range with the introduction of a two-year fixed rate priced at 2.69% to 31.12.14. Aimed at borrowers who require a large loan advance, this package is highly competitive in its sector. Although the fee of £1999 can appear quite high, this is on par with the market average. Remortgage customers can also enjoy a good incentive package of free valuation and free legal fees, which will help those who are looking to keep initial costs down.
The Co-operative Bank
This five-year fixed rate priced at 3.49% to 31.12.17 from The Co-operative Bank is a good overall package which sits comfortably at the top of the market. Borrowers will be able to not only benefit from a low rate but a reasonable fee of £999 as well. Remortgage customers will also receive a good incentive package of free valuation fees and free legal fees, which will help make this a popular choice.
Find the best mortgage rate - Compare best selling mortgages
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 Any products featured may be withdrawn by their provider or changed at any time.
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