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.
( Yorkshire Building Society)
Yorkshire Building Society has launched a new issue of its Fixed Rate e-Bond paying 3.50%, or 3.45% for monthly interest. Savers can invest between £1,000 and £2 million and further additions are allowed whilst the issue remains open. Early access is not permitted. The account is available to savers aged 16 and over and can be operated online only.
This new 18 month fixed rate bond pays a competitive rate of 3.50% making it the best paying bond in this sector. Designed for online savers, this product should appeal to those looking for a short-term fixed investment.
( Bath Building Society)
Bath Building Society has launched its latest issue of the Direct 60 postal account, paying an annual rate of 2.60% with a bonus of 1.15% for twelve months. A monthly interest option is also available at 2.57% with a 1.13% bonus for twelve months. Investments range between £2,500 and £250,000. Savers who wish to access funds early must give 60 days' advance notice and failure to do so will result in 60 days' loss of interest. The account is available to savers aged 18 and over.
This latest account from Bath Building Society pays a competitive rate of 2.60% with a generous introductory bonus of 1.15% for twelve months. Suited to savers who prefer to conduct their finances by post, this product allows early access to funds, so long as 60 days' notice is given to the provider. Investors would be wise, however, to bear in mind that the rate will revert to a lower return once the bonus period expires.
Find the best savings rates for you - Compare savings accounts
( Chelsea Building Society)
A variety of new offset mortgages have been added to Chelsea Building Society's mortgage range. The most notable is the variable tracker deal offering 2.09% to 31 December 2013 (Bank Base Rate + 1.59%) with a maximum loan-to-value of 70%. First, second-time and remortgage customers can borrow between £25,001 and £1 million. A fee of £1,495 is payable.
This new variable offset deal from Chelsea Building Society offers a decent variable tracker rate of 2.09% for two years. Available to both purchase and remortgage borrowers, there is also the flexibility to make overpayments.
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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