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Money in a Minute

Money in a Minute

Category: Money

Updated: 14/07/2011
First Published: 14/07/2011

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 It is now over 6 months old so the content may be out of date.

Today's 'Money in a Minute' showcases the best new launches in the savings and mortgage markets over the past week.

The products featured have been handpicked by the impartial research team here at Moneyfacts.co.uk, so you can be sure they are some of the best deals in their respective fields.

To make sure you fully understand the products, the technical details behind the plans are followed by our analysis.

Savings

krbs - Product details

  • krbs has launched the 5 Year Fixed Rate Bond Issue 3, its latest long term fixed rate deal paying an annual rate of 4.50%.
  • Savers can invest between £500 and £1 million, although those choosing the monthly interest option must make a minimum investment of £10,000.
  • Further additions and early access are not allowed.
  • The account can be operated by savers of all ages in branch and by post.

Moneyfacts.co.uk analysis

The new 5 Year Fixed Rate Bond Issue 3 pays a competitive rate of 4.50%, seeing it land amongst the other long-term bond market leaders. Savers must be prepared to lock their money away for the duration of the five year term, whilst those wishing to receive monthly interest must be prepared to make a minimum investment of £10,000.

Nottingham Building Society - Product details

  • Nottingham Building Society has launched a new easy access account, the eSaver Plus Issue 1, paying an annual rate of 2.75% including a bonus of 1.00% until 30.6.12.
  • Savers can invest between £10 and £250,000.
  • Funds can be accessed without advance notice or penalty, although all withdrawals must be made via a nominated account.
  • The account is available to savers aged 16 and over and can be operated online only.

Moneyfacts.co.uk analysis

This new online savings account offers investors a reasonable rate of 2.75% including an introductory bonus of 1.00%. This deal is best suited to those requiring short-term access to funds and savers must bear in mind that the introductory bonus will expire on the 30th June next year.

Find the best savings rates for you - Compare savings accounts

Mortgages

Halifax - Product details

  • Halifax has revised its fixed rate mortgage product range with a new three year deal offering 4.99% to 30.9.14.
  • This product has a maximum loan-to-value of 85% and a maximum advance of £1 million.
  • A fee of £1,240 is payable.
  • Customers looking for flexibility with payments should be pleased with the options to make overpayments, underpayments and take payment holidays.

Moneyfacts.co.uk analysis

This new three year fixed deal offers borrowers a good rate of 4.99% to 30.9.14. Available to first and second-time buyers with a deposit of 15% or over, this deal also offers the incentive of a £150 rebate to existing Halifax current account customers.

Santander - Product details

  • Santander has reduced selected variable tracker rates by up to 0.25%.
  • The latest variable tracker for term deal offers a rate of 3.29%, with a maximum loan-to-value of 75%.
  • Customers can borrow between £25,001 and £1 million. A fee of £995 is payable.
  • A generous incentive package is available to purchase borrowers residing in England , Wales and Northern Ireland of a free valuation and a £250 rebate upon completion.
  • Remortgage borrowers will receive the additional incentive of free legal fees.

Moneyfacts.co.uk analysis

The latest variable tracker deal from Santander offers a reasonable rate of 3.29% for term with a low arrangement fee of £995. All customers can borrow up to £1 million and 75% of the property value, while a host of incentives and flexible features add to its overall appeal.

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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