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Money in a Minute

Money in a Minute

Category: Money

Updated: 31/12/2012
First Published: 21/04/2011

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 It is now over 6 months old so the content may be out of date.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, mortgage and personal loans markets.

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

Secure Trust Bank

  • Secure Trust Bank has launched Fixed Rate Bond Three Year Term Series 2 paying 4.30%.
  • Savers can invest between £1,000 and £1million, with further additions allowed whilst the issue is open.
  • Early access to funds is not permitted.
  • The account can be operated by post and telephone and is available to savers aged 18 and over.
  • A rate increase of 0.25% to 4.30% sees this deal leap to the top of the medium term fixed rate market.
  • Funds cannot be accessed during the term, so investors must be committed to locking their money away for the full three years.

Find the best savings rates for you - Compare savings accounts

Mortgages

Market Harborough Building Society

  • Market Harborough Building Society has launched its latest three year discounted variable rate deal at 2.65% (2.84% discount).
  • The maximum loan-to-value is 75% and customers can borrow between £50,000 and £350,000.
  • A fee of £595 is payable and an incentive package of a refunded valuation (to a maximum of £550) and refund on accident, sickness and unemployment insurance for three months is offered to all borrowers.
  • This new deal sits comfortably at the top of the three year discounted rate mortgage market with a competitive rate of 2.65% for three years.
  • A reasonably low fee and a generous incentive package make this a good all-round mortgage deal, which should prove popular with borrowers looking outside the fixed rate market.

Find the best mortgage rate - Compare best selling mortgages

Personal Loans

Sainsbury's Finance

  • Sainsbury's Finance has reduced the rate on its Nectar Reward Cardholder loan to 8.2%.
  • This rate applies to customers borrowing between £5,000 and £7,499, with terms that range between one and three years.
  • All customers will receive double Nectar points for two years.
  • This latest rate reduction has seen Sainsbury's Finance storm to the top of the personal loans market.
  • Offering a highly competitive rate of 8.2%, customers borrowing smaller sums of between £5,000 and £7,499 will no doubt be pleased with this new product.

Find the best loan for you - compare loans

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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