Money in a Minute - Money - News - Moneyfacts


Money in a Minute

Money in a Minute

Category: Money

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

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 It is now over 6 months old so the content may be out of date.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.



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


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.

Related Articles

Parents to spend £552 on children this half term

Autumn has truly arrived – and half term with it. This looks to be bad news for parents’ wallets, as research from American Express shows they will be spending an average of £276 per child this holiday break.

Are you still funding your children’s lifestyle?

While many parents like to provide financial support to their children while they grow up, often helping out with things like weddings, cars and university fees, others find that they fund more of their children’s lifestyle than they’d like.

Household spending on Christmas drops again

Brace yourselves: tomorrow we’ll be just 70 days away from Christmas. As 39% of Brits have already started their holiday shopping, research has found that household spending on Christmas has fallen for the second year in a row.