Money in a Minute - Money - News - Moneyfacts

News

Money in a Minute

Money in a Minute

Category: Money

Updated: 10/03/2015
First Published: 13/05/2011

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 It is now over 6 months old so the content may be out of date.

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.

Savings

Ipswich Building Society

  • Ipswich Building Society has launched its latest Big Bond 2 paying 4.80%.
  • Savers can invest between £5,000 and £100,000 and further additions can be made whilst the issue remains open.
  • Withdrawals cannot be made until 31 July 2013, after which they are subject to 180 days' loss of interest.
  • The account is available to savers of all ages and can be operated in branch and by post.

The latest review of fixed rates from Ipswich Building Society sees the launch of the Big Bond 2. Paying a rate of 4.80%, the Big Bond 2 is amongst the market leaders in the long term savings market. A monthly option at a slightly reduced rate of 4.70% offers investors a high return when looking to supplement their income.

Norwich & Peterborough Building Society

  • The Branch Saver account has been launched paying a rate of 1.00% with a 1.25% bonus, calculated on the average daily balance subject to the account remaining open after one year.
  • The underlying rate is guaranteed to increase in line with any Base Rate changes until 31 December 2011.
  • Savers can invest between £1 and £1 million. No advance notice is required to access funds.
  • The account is available to investors of all ages and can be operated in branch and by post.

The launch of this new account sees Norwich & Peterborough Building Society expanding its variable rate range. A rate of 2.25% means it is one of the market-leading instant access branch-based accounts, although the bonus is only paid if the account remains open after one year. Savers looking to access funds in branch at short notice should be pleased with this new deal.

Find the best savings rates for you - Compare savings accounts

Mortgages

ING Direct

  • A new range of fixed rate mortgages has been launched by ING Direct including a new five year deal at 4.99% to 30 June 2016.
  • This product has a maximum loan-to-value of 80% and customers can borrow between £50,000 and £1 million.
  • No arrangement fee is payable.
  • Remortgage borrowers can enjoy a free valuation and free legal fees.

This new deal is available to first, second time and remortgage borrowers with a 20% deposit. Compared to other 80% loan-to-value mortgages, this deal benefits from having no arrangement fee and a comprehensive incentive package for remortgage customers. Flexible features such as overpayments and underpayments are available to all borrowers.

Skipton Building Society

  • Skipton Building Society has reduced the rate on its two year fixed rate mortgage to 5.99% to 31 July 2013.
  • The maximum loan-to-value is 95% and customers can borrow up to £1 million.
  • First time buyers can have a maximum advance of £250,000.
  • The arrangement fee is £195.
  • Incentives of a free valuation and free legal fees are offered to remortgage customers.

A rate reduction of 0.50% sees Skipton Building Society's two year fixed rate fall to 5.99% to 31 July 2013. Borrowers with limited funds for a deposit will be pleased with this deal's high loan-to-value of 95%, while the incentives of free a valuation and free legal fees for remortgage customers help to keep costs to a minimum.

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.

Related Articles

Would you spend more for a character property?

We all have our own ideas of what makes a dream home, and for many, character features are at the top of the list. But how much more would you be willing to pay for those kinds of additions – and could they even help you save money in the future?

A quarter of Brits have fallen victim to a scam

Think you know how to spot a scam? It may not be as easy as you’d think, with 25% of Brits admitting that they’ve been the victim of one in the past, and a further 73% are concerned about being scammed in the future.

Brits’ bad spending habits revealed

Many of us like to think that we’re good with money, yet there are often things that get in the way of regular saving and financial security. Solution Loans has taken a look, and has identified the bad spending habits that leave us in the red.
 
Close