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Money in a Minute

Money in a Minute

Category: Money

Updated: 06/05/2011
First Published: 06/05/2011

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 It is now over 6 months old so the content may be out of date.
Welcome to this week's Money in a Minute, your weekly rundown of the best new personal finance deals to hit the market.

Our unbiased and impartial research team have scoured this week's new arrivals to pick out the very best products, and have delivered a cracking savings rate and a couple of eye-catching mortgages.

As usual, the deals are described in technical detail and analysis which you know you can rely on.

Savings


Santander


Santander has increased its fixed rate bond rates by up to 0.35%. The new 1 Year Fixed Rate Bond pays an annual rate of 3.35%. Savers can invest between £1 and £2 million. Further additions and early access are not permitted. The account is available to investors aged 16 and over and can be operated in branch, by telephone and online.

The latest review of fixed rate bonds from Santander sees the one year bond rate increased to a highly competitive 3.35% and sees it sitting within the top ten rates. A monthly interest option is also available at a slightly lower, but still decent, rate of 3.30%. This account is ideal for savers looking for a short term bond, although they must remember no early withdrawals or further additions are allowed during the term.

Compare the Best Fixed Rate Bonds by viewing our Savings Best Buys

Mortgages


Lloyds TSB Scotland


A new fixed rate deal has been launched for remortgage borrowers with a rate of 4.69% to 31.5.15. The maximum loan-to-value is 60% and customers can borrow between £5,000 and £1 million. A fee of £99 is payable. Incentives of a free valuation and free legal fees are also offered.

Lloyds TSB has reviewed its four year fixed rate remortgage deal, with a new rate of 4.69%. Offering a low fee of £99 and a generous incentive package, this new deal should prove popular with remortgage borrowers with a deposit of 40% or less.

Nationwide Building Society


Nationwide Building Society has reviewed selected fixed rate deals available via direct business only. Its latest three year deal at 5.79% offers a maximum loan-to-value of 90% and a reasonably low fee of £499. Customers must open or have an existing FlexAccount to be eligible for this product.

With a new low fee of £499, the three year fixed product at 5.79% offers a good all-round package. The deal has a maximum loan-to-value of 90% and customers can borrow up to £500,000 and although no incentives are offered, there is the flexibility to make overpayments and underpayments.

Compare the Best Fixed Rate Mortgage deals by viewing our Mortgage Best Buys

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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