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Money in a Minute

Money in a Minute

Category: Money

Updated: 10/03/2015
First Published: 09/09/2011

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 It is now over 6 months old so the content may be out of date.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 your weekly dose of the best new products to hit the personal finance market, Money in a Minute.

This week, we showcase two cracking savings accounts and two mortgages that will catch the eye of buyers up and down the land.

As usual, we've broken the products down into technical details and unbiased analysis, so you know exactly what you're getting.


Whiteaway Laidlaw Bank -
Products details

  • The new 1 Year Fixed Term Deposit account pays an annual rate of 3.26%.
  • Savers can invest between £5,000 and £1 million and further additions can be made whilst the issue remains open.
  • Early access is not permitted.
  • The account is available to savers aged 18 and over and can be operated in branch or by post. analysis
Paying a rate of 3.26%, this latest one year bond slips into the top ten deals for its term. Available to savers with a range of deposits, this account should appeal to those looking for a short term fixed investment.

NatWest -
Products details

  • NatWest has launched its latest range of Preferential Fixed Rate ISAs.
  • Most notable is the three year deal paying 4.10% to savers with deposits of £25,000 and over.
  • Deposits between £1,000 and £24,999 will receive a rate of 4.00%.
  • The Variable Cash ISA rate will be paid until the term starts on 4th November 2011.
  • Early access is allowed upon account closure only and will be subject to 270 days' loss of interest.
  • Transfers in are accepted.
  • The account is available to savers aged 16 and over and can be operated in branch and by telephone. analysis
This latest ISA review sees NatWest reward investors who are looking to transfer previous years ISAs from other providers. Paying up to 4.10%, the three year term is amongst the market leaders for ISA transfers, although savers must be aware that the rates are not available until the term starts on 4 November. As is common with fixed terms access is on closure only subject to a penalty.

Find the best savings rates for you - Compare savings accounts


Lloyds TSB -
Products details

  • Lloyds TSB's Lend a Hand mortgage rates have been reduced by 0.10%.
  • The new fixed deal at 4.54% to 30.11.14 sits comfortably at the top of the market with a maximum loan-to-value of 95%.
  • Customers can borrow between £5,000 and £350,000 and a fee of £265 is payable.
  • A 'Lend a Hand' savings account must be opened holding at least 20% of the property value. analysis
Following its latest product review, Lloyds has launched a newly priced Lend a Hand deal offering 4.54% to 30.11.14. This product should prove popular with first-time buyers who have the financial backing of a parent or family member who can help them onto the property ladder. The 'helper' must hold at least 20% of the property value in savings funds.

ING Direct -
Products details

  • ING Direct has launched a new three year fixed deal at 3.69% to 30.11.14.
  • The maximum loan-to-value is 80% and customers can borrow between £50,000 and £500,000.
  • The product has no fee and there is the incentive for purchase customers of refunded valuation fees.
  • Remortgage borrowers can enjoy a free valuation and free legal fees.
  • There is also the flexibility to make overpayments of up to 10% of the mortgage advance. analysis
ING Direct has reduced fixed rates across its range. The newly priced three year deal at 3.69% to 30.11.14 is highly competitive and should appeal to borrowers looking for the overall package of a decent rate, no fee and generous incentives.

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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